Japanese Candlesticks Analysis 04.12.2012 (EUR/USD, USD/JPY)
04.12.2012
Analysis for December 4th, 2012
EUR/USD
The H4 chart of the EUR/USD currency pair shows a bullish tendency. The closest Window is a resistance level. Three Methods pattern, Three Line Break chart, and Heiken Ashi candlesticks confirm an ascending movement.
The H1 chart of the EUR/USD currency pair shows the ascending trend. Three Methods pattern, Three Line Break chart, and Heiken Ashi candlesticks confirm an ascending movement.
USD/JPY
The H4 chart of the USD/JPY currency pair shows a bearish tendency on the ascending trend, which started after Evening Star pattern. Three Line Break chart indicates the current trend; Heiken Ashi candlesticks confirm a descending movement.
The H1 chart of the USD/JPY currency pair also shows a bearish tendency. The closest Window is a resistance level. Three Line Break chart and Heiken Ashi candlesticks confirm a descending movement; Harami and Hammer patterns indicate a possible bullish pullback.
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Forecasts presented in this section only reflect the author’s private opinion and should not be considered as guidance for trading. RoboForex bears no responsibility for trading results based on trading recommendations described in these analytical reviews.