Candlestick analysis for EUR/USD and USD/JPY on 23.12.2015
23.12.2015
Candlestick analysis on 23 December 2015
EUR USD "Euro dollar"
On the 4-hour Euro Dollar chart the Engulfing Bearish model indicates the downward direction to the continuing support of the three methods model. The 3-line graph displays a bullish breakout, the Heiken Ashi candles confirms the bearish trend.
On the hourly Eurodollar chart the Three methods model point in a downward direction. On the 3-line break graph and the Heiken Ashi candles there is a bearish indicator, the Inverted hammer confirms the likelihood of a bullish pullback.
USD JPY "Dollar yen"
On the 4-hour chart the dollar yen continuation patterns of Three methods point to a continuation of the bearish trend, the lower window is the support. The 3 line break graph and Heiken Ashi candles confirm the downward direction.
EUR USD "Euro dollar"
On the 4-hour Euro Dollar chart the Engulfing Bearish model indicates the downward direction to the continuing support of the three methods model. The 3-line graph displays a bullish breakout, the Heiken Ashi candles confirms the bearish trend.
On the hourly Eurodollar chart the Three methods model point in a downward direction. On the 3-line break graph and the Heiken Ashi candles there is a bearish indicator, the Inverted hammer confirms the likelihood of a bullish pullback.
USD JPY "Dollar yen"
On the 4-hour chart the dollar yen continuation patterns of Three methods point to a continuation of the bearish trend, the lower window is the support. The 3 line break graph and Heiken Ashi candles confirm the downward direction.
Attention!
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.