Japanese Candlesticks Analysis 27.12.2012 (EUR/USD, USD/JPY)
27.12.2012
Analysis for December 27th, 2012
EUR/USD
The H4 chart of the EUR/USD currency pair shows a bullish tendency on the ascending trend. The closest Windows are support/resistance levels. Three Line Break chart indicates a correction; Heiken Ashi candlesticks confirm an ascending movement.
The H1 chart of the EUR/USD currency pair shows a sideways tendency. Dark Cloud pattern hasn’t been confirmed yet. Three Line Break chart and Heiken Ashi candlesticks indicate an ascending movement.
USD/JPY
The H4 chart of the USD/JPY currency pair shows the start of a correction on the ascending trend, which is indicated by Engulfing Bearish pattern. Three Line Break chart indicates the current trend; Heiken Ashi candlesticks confirm a possible correction.
The H1 chart of the USD/JPY currency pair also shows a correction, which started after Engulfing Bearish pattern. The upward Window is a support level. Three Black Crows 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.