Japanese Candlesticks Analysis 18.12.2012 (EUR/USD, USD/JPY)
18.12.2012
Analysis for December 18th, 2012
EUR/USD
The H4 chart of the EUR/USD currency pair shows a sideways correction on the ascending trend. The closest Window is a resistance level. Three Line Break chart and Heiken Ashi candlesticks confirm the ascending trend.
The H1 chart of the EUR/USD currency pair also shows a correction, which is indicated by Doji pattern. Three Line Break chart and Heiken Ashi candlesticks confirm the ascending trend.
USD/JPY
The H4 chart of the USD/JPY currency pair shows a correction on the ascending trend, which is indicated by Upside Gap Two Crows pattern. Three Line Break chart and Heiken Ashi candlesticks indicate the current trend.
The H1 chart of the USD/JPY currency pair also shows a correction. The upward Window is opened so far. Three Line Break chart indicates the current trend; Hanging Man pattern and Heiken Ashi candlesticks confirm a bearish movement.
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.