Japanese Candlesticks Analysis 26.12.2012 (EUR/USD, USD/JPY)
26.12.2012
Analysis for December 26th, 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. Tweezers pattern, Three Line Break chart, and Heiken Ashi candlesticks indicate that the correction continues.
The H1 chart of the EUR/USD currency pair shows a sideways tendency. Piercing Line pattern, Three Line Break chart, and Heiken Ashi candlesticks indicate an ascending movement; Shooting Star pattern confirms a possible trend change.
USD/JPY
The H4 chart of the USD/JPY currency pair shows a bullish tendency, which continued after two recent Windows. 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. Both upward Windows are still opened, they are support levels. Three Line Break chart and Heiken Ashi candlesticks 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.