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.
27.08.2019
Japanese Candlesticks Analysis 27.08.2019 (USDCAD, AUDUSD)
After breaking the ascending channel’s downside border, USDCAD has formed Hammer pattern near the support line; AUDUSD is trading sideways outside the descending channel.
26.08.2019
Japanese Candlesticks Analysis 26.08.2019 (GOLD, NZDUSD)
GOLD continues testing the ascending channel’s upside border, while NZDUSD is still trading sideways close to the support line.
23.08.2019
Japanese Candlesticks Analysis 23.08.2019 (EURUSD, USDJPY)
After rebounding from the descending channel’s upside border, EURUSD is still moving sideways; USDJPY is still being corrected after testing the descending channel’s downside border.
22.08.2019
Japanese Candlesticks Analysis 22.08.2019 (USDCAD, AUDUSD)
After testing the support line within the ascending channel, USDCAD has rebounded from it, while AUDUSD is trading sideways outside the descending channel.
21.08.2019
Japanese Candlesticks Analysis 21.08.2019 (GOLD, NZDUSD)
GOLD continues testing the ascending channel’s upside border, while NZDUSD is still trading sideways close to the support line.
20.08.2019
Japanese Candlesticks Analysis 20.08.2019 (EURUSD, USDJPY)
After rebounding from the descending channel’s upside border, EURUSD is still moving upwards; USDJPY is still testing the descending channel’s downside border.
19.08.2019
Japanese Candlesticks Analysis 19.08.2019 (USDCAD, AUDUSD)
USDCAD is testing the support level of the ascending channel again. AUDUSD is moving in a flat, forming a descending channel.
16.08.2019
Japanese Candlesticks Analysis 16.08.2019 (GOLD, NZDUSD)
GOLD continues testing the ascending channel’s upside border, while NZDUSD is still trading close to the support line.