Japanese Candlesticks Analysis 06.12.2012 (EUR/USD, USD/JPY)
06.12.2012
Analysis for December 6th, 2012
EUR/USD
The H4 chart of the EUR/USD currency pair shows a bearish tendency, which started after Evening Star pattern. Three Line Break chart and Heiken Ashi candlesticks confirm a descending movement.
The H1 chart of the EUR/USD currency pair shows a possible trend change and a correction, which started after Doji pattern. Three Methods pattern, Three Line Break chart, and Heiken Ashi candlesticks confirm a descending movement.
USD/JPY
The H4 chart of the USD/JPY currency pair shows a bullish tendency on the ascending trend, which continued after Tower pattern. Engulfing Bearish pattern and Three Line Break chart confirm a correction; Heiken Ashi candlesticks indicate that the current trend continues.
The H1 chart of the USD/JPY currency pair shows a bearish tendency on the sideways trend, which started after Shooting Star pattern. Three Line Break chart indicates an ascending movement; Heiken Ashi candlesticks and Shooting Star pattern indicate a possible bearish 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.