Japanese Candlesticks Analysis 20.12.2012 (EUR/USD, USD/JPY)
20.12.2012
Analysis for December 20th, 2012
EUR/USD
The H4 chart of the EUR/USD currency pair shows a correction on the ascending trend. The closest Windows are support/resistance levels. Shooting Star pattern, Three Line Break chart, and Heiken Ashi candlesticks confirm the correction.
The H1 chart of the EUR/USD currency pair also shows a correction. Shooting Star pattern and Three Line Break chart confirm the correction; Heiken Ashi candlesticks and Harami pattern indicate a possible bullish pullback.
USD/JPY
The H4 chart of the USD/JPY currency pair shows a correction. The upward Window is still opened. Engulfing Bearish pattern, Three Line Break chart, and Heiken Ashi candlesticks confirm a descending movement.
The H1 chart of the USD/JPY currency pair also shows a correction, which is indicated by Tweezers pattern. The upward Window is still opened. Three Methods pattern, Three Line Break chart, and Heiken Ashi candlesticks confirm a descending 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.