Japanese Candlesticks Analysis 09.12.2014 (EUR/USD, USD/JPY)

December 9, 2014

Article By RoboForex.com

Analysis for December 9th, 2014

EUR USD, “Euro vs. US Dollar”

The H4 chart of EUR USD shows a correction within the downtrend, which is indicated by Hammer and a bullish Harami patterns. Three Line Break chart and Heiken Ashi candlesticks confirm an ascending correction.

The H1 chart of EUR USD shows an ascending correction, which is indicated by a bullish Tweezers pattern. Three Line Break chart and Heiken Ashi candlesticks confirm the correction within the downtrend becomes deeper.

USD JPY, “US Dollar vs. Japanese Yen”

The H4 chart of USD JPY shows a correction within the uptrend, which started after a bearish Tower pattern. Three Line Break chart and Heiken Ashi candlesticks confirm a descending movement.

RoboForex Analytical Department

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Article By RoboForex.com

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