Japanese Candlesticks Analysis 11.12.2012 (EUR/USD, USD/JPY)
11.12.2012
Analysis for December 11th, 2012
EUR/USD
The H4 chart of the EUR/USD currency pair shows a correction on the ascending trend. The closest Window, 2012.01.23, is a support 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 also shows a correction. The most recent Window is a support level, the closest Window may become a resistance one. Three Line Break chart and Heiken Ashi candlesticks indicate a possible ascending movement.
USD/JPY
The H4 chart of the USD/JPY currency pair shows a correction on the ascending trend. High Wave pattern and Three Line Break chart confirm a descending movement; Heiken Ashi candlesticks indicate the current trend.
The H1 chart of the USD/JPY currency pair shows a sideways correction. Three Line Break chart indicates a possible resistance of the closest Window; Heiken Ashi candlesticks and Tweezers pattern confirm an ascending movement.
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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.