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.
24.07.2019
Japanese Candlesticks Analysis 24.07.2019 (USDCAD, AUDUSD)
USDCAD is testing the resistance level inside the descending channel. AUDUSD keeps declining to the lower border of the ascending channel.
23.07.2019
Japanese Candlesticks Analysis 23.07.2019 (GOLD, NZDUSD)
GOLD is forming a bounce off the support line inside the forming uptrend. NZDUSD is testing the horizontal resistance line again.
22.07.2019
Japanese Candlesticks Analysis 22.07.2019 (EURUSD, USDJPY)
EURUSD is testing the horizontal support level again. USDJPY is forming another correction after a bounce off the resistance line inside the descending channel.
19.07.2019
Japanese Candlesticks Analysis 19.07.2019 (USDCAD, AUDUSD)
USDCAD keeps moving sideways around the support level inside the descending channel. AUDUSD goes on forming an ascending channel.
18.07.2019
Japanese Candlestick Analysis 18.07.2019 (GOLD, NZDUSD)
GOLD if forming a bounce off the resistance line inside the ascending channel. NZDUSD is testing the horizontal resistance level once again.
17.07.2019
Japanese Candlesticks Analysis 17.07.2019 (EURUSD, USDJPY)
EURUSD is testing the support once again. USDJPY is forming a correction after a bounce off the resistance line inside the descending channel.
16.07.2019
AUDUSD is testing the horizontal resistance level.
USDCAD keeps moving sideways near the support line inside the descending channel.
15.07.2019
Japanese Candlesticks Analysis 15.07.2019 (GOLD, NZDUSD)
NZDUSD returns to testing the horizontal resistance level. GOLD is bouncing off the support line in the ascending trend