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.
10.10.2019
Japanese Candlesticks Analysis 10.10.2019 (GOLD, NZDUSD)
GOLD has returned to the rising channel’s downside border; NZDUSD is still trading close to the descending channel’s upside border.
09.10.2019
Japanese Candlesticks Analysis 09.10.2019 (EURUSD, USDJPY)
EURUSD is trading close to the resistance level within the descending tendency, while USDJPY is rebounding from the horizontal support level.
08.10.2019
Japanese Candlesticks Analysis 08.10.2019 (USDCAD, AUDUSD)
USDCAD is correcting in the middle of the rising channel, while AUDUSD is correcting before further growth.
07.10.2019
Japanese Candlesticks Analysis 07.10.2019 (GOLD, NZDUSD)
GOLD has returned to the rising channel’s downside border; NZDUSD is trading close to the descending channel’s upside border.
04.10.2019
Japanese Candlesticks Analysis 04.10.2019 (EURUSD, USDJPY)
EURUSD continues forming the descending tendency; after breaking the channel’s downside border, USDJPY is trading close to the horizontal support level.
03.10.2019
Japanese Candlesticks Analysis 03.10.2019 (USDCAD, AUDUSD)
USDCAD has rebounded from the support level and AUDUSD is about to do the same.
02.10.2019
Japanese Candlesticks Analysis 02.10.2019 (GOLD, NZDUSD)
GOLD has broken the rising channel’s downside border; NZDUSD continues forming the descending tendency.
01.10.2019
Japanese Candlesticks Analysis 01.10.2019 (EURUSD, USDJPY)
EURUSD and USDJPY continue forming the descending and ascending tendencies respectively.