Japanese Candlesticks Analysis 10.12.2012 (EUR/USD, USD/JPY)
10.12.2012
Analysis for December 10th, 2012
EUR/USD
The H4 chart of the EUR/USD currency pair shows a bearish tendency, which continued after Three Methods pattern. The closest Window is a support level. Three Line Break chart and Heiken Ashi candlesticks confirm a descending movement.
The H1 chart of the EUR/USD currency pair also shows a bearish tendency. The closest Window has been broken, now it’s a resistance level. Tower pattern and Three Line Break chart indicate a possible ascending movement; Heiken Ashi candlesticks confirm the current tendency.
USD/JPY
The H4 chart of the USD/JPY currency pair shows a correction on the ascending trend, which continued after Engulfing Bearish pattern. High Wave pattern, Three Line Break chart, and Heiken Ashi candlesticks confirm the correction.
The H1 chart of the USD/JPY currency pair also shows a correction. The closest Windows is a support level. Hammer pattern and Three Line Break chart confirm an ascending movement; Heiken Ashi candlesticks indicate that the correction continues.
RoboForex Analytical Department
Attention!
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.