Article By RoboForex.com
Analysis for December 17th, 2013
EUR/USD
H4 chart of EUR/USD shows ascending trend, which is indicated by bullish Tweezers and Harami patterns. Three Line Break chart and Heiken Ashi candlesticks confirm ascending movement.
H1 chart of EUR/USD shows correction, which is indicated by Evening Star and Shooting Star patterns inside resistance area. Three Line Break chart indicates descending correction; Heiken Ashi candlesticks confirm ascending movement.
USD/JPY
H4 chart of USD/JPY shows descending correction, which started after Engulfing Bearish pattern. Three Methods pattern, Three Line Break chart, and Heiken Ashi candlesticks confirm descending movement; Harami pattern indicates possible bullish pullback
H1 chart of USD/JPY shows ascending movement, which is bullish Harami pattern. Three Line Break chart confirms ascending movement; Heiken Ashi candlesticks indicate that sideways correction continues.
RoboForex Analytical Department
Article By RoboForex.com
Attention!
Forecasts presented in this section only reflect the author’s private opinion and should not be considered as guidance for trading. RoboForex LP bears no responsibility for trading results based on trading recommendations described in these analytical reviews.
