Japanese Candlesticks Analysis 12.12.2012 (EUR/USD, USD/JPY)
12.12.2012
Analysis for December 12th, 2012
EUR/USD
The H4 chart of the EUR/USD currency pair shows a correction on the ascending trend. 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 a bullish tendency. Three Line Break chart and Heiken Ashi candlesticks indicate an ascending movement; Tweezers pattern indicates a possible support of the closest Window.
USD/JPY
The H4 chart of the USD/JPY currency pair shows a bullish tendency on the ascending trend, which is indicated by Harami and Tweezers patterns. Three Line Break chart and Heiken Ashi candlesticks confirm an ascending movement.
The H1 chart of the USD/JPY currency pair also shows a bullish tendency. The closest Window is a support level. Three Line Break chart and Heiken Ashi candlesticks indicate 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.