The H4 chart of EUR USD show a correction within the uptrend. Shooting Stat and bearish Harami patterns, along with Three Line Break chart and Heiken Ashi candlesticks, confirm a descending movement.
At the H1 chart of EUR USD, Engulfing Bearish pattern indicates that the descending correction continues. The upper Window provides support. Three Line Break chart confirms the correction; Heiken Ashi candlesticks show a bullish pullback.
USD JPY, “US Dollar vs. Japanese Yen”
At the H4 chart of USD JPY, Hammer pattern indicated an ascending correction. The lower Window provides resistance. Three Line Break chart shows a bearish tendency; Heiken Ashi candlesticks confirm the ascending correction.
December 8, 2016 U.S. equities post a new record high. Euro looks to ECB meeting
U.S. equities edged higher to post new highs in yesterday's trading marking one of the strongest one day gains since the November elections. The DJIA gained 1.6% while the S&P500 closed with 1.3% gains...
December 8, 2016 US equities jump sharply
US markets saw a massive rise today as the Dow was up 300 points and the S&P 500 was up 29 points showcasing that investors believe the advent of Trump will have a positive effect on the US economy.
December 7, 2016 GBP falls as industrial & manu. production miss
The pound has come under pressure in London trading today. EURGBP buying has been a driver, with the cross rallying some 0.5% to a peak of 0.8510, since ebbing to around 0.8490. Gains failed to sustain above the 20-day moving average, which is at 0.8503...
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