Japanese Candlesticks Analysis
Japanese candlesticks analysis is one of the classic tools for analyzing the currency market. The most important candlestick components here are the open, the close, the high, and the low. The color of candlesticks, black or white, depends on the ration between the security price when the candlestick opened and closed.
25.11.2019
Japanese Candlesticks Analysis 25.11.2019 (EURUSD, USDJPY)
EURUSD is still rebounding from the descending channel’s upside border, while USDJPY continues testing the support level within the ascending tendency.
22.11.2019
Japanese Candlesticks Analysis 22.11.2019 (USDCAD, AUDUSD)
USDCAD is correcting within the rising tendency; AUDUSD is still trading close to the support level.
21.11.2019
Japanese Candlesticks Analysis 21.11.2019 (GOLD, NZDUSD)
GOLD continues forming the rising channel, while NZDUSD is still moving upwards after completing the correction.
20.11.2019
Japanese Candlesticks Analysis 20.11.2019 (EURUSD, USDJPY)
EURUSD is trading close to the descending channel’s upside border, while USDJPY continues testing the support level within the ascending tendency.
19.11.2019
Japanese Candlesticks Analysis 19.11.2019 (USDCAD, AUDUSD)
USDCAD continues moving upwards; AUDUSD is still trading close to the support level.
18.11.2019
Japanese Candlesticks Analysis 18.11.2019 (GOLD, NZDUSD)
GOLD continues trading close to the rising channel’s downside border tendency, while NZDUSD is still moving upwards after completing the correction.
15.11.2019
Japanese Candlesticks Analysis 15.11.2019 (EURUSD, USDJPY)
EURUSD continues forming the descending channel, while USDJPY is testing the support level within the ascending tendency.
14.11.2019
Japanese Candlesticks Analysis 14.11.2019 (USDCAD, AUDUSD)
After breaking the descending channel’s upside border, USDCAD is still moving upwards; AUDUSD has broken the descending channel’s downside border.