Article By RoboForex.com
Analysis for December 9th, 2016
EUR USD, “Euro vs. US Dollar”
At the H4 chart of EUR USD, Engulfing Bearish, Tower and Shooting Star patterns indicate a descending movement. Three Line Break chart shows a bearish direction; Heiken Ashi candlesticks confirm an ascending movement.
At the H1 chart of EUR USD, bullish Harami pattern indicates an ascending movement. Three Line Break chart and Heiken Ashi candlesticks confirm a bullish direction; the closest Window is a resistance level.
USD JPY, “US Dollar vs. Japanese Yen”
The H4 chart of USD JPY shows the uptrend. The price is probably finishing the sideways correction. Bullish Hammer and Three Methods continuation patterns indicate an ascending movement. Three Line Break chart and Heiken Ashi candlesticks confirm a bullish direction.
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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.
