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.
02.07.2019
Japanese Candlesticks Analysis 02.07.2019 (GOLD, NZDUSD)
After a gap, GOLD is testing the support level within the ascending tendency, while NZDUSD is testing the resistance line after finishing another ascending structure.
01.07.2019
Japanese Candlesticks Analysis 01.07.2019 (EURUSD, USDJPY)
EURUSD continues forming the rising channel with slight corrections, while USDJPY is rebounding from the resistance level within the downtrend.
28.06.2019
Japanese Candlesticks Analysis 28.06.2019 (USDCAD, AUDUSD)
USDCAD is testing the descending channel’s downside border, while AUDUSD is testing the upside border of the descending channel and forming reversal patterns.
27.06.2019
Japanese Candlesticks Analysis 27.06.2019 (GOLD, NZDUSD)
GOLD is being corrected within the ascending tendency, while NZDUSD is testing the support line after finishing another ascending structure.
26.06.2019
Japanese Candlesticks Analysis 26.06.2019 (EURUSD, USDJPY)
EURUSD continues forming the rising channel with slight corrections, while USDJPY is rebounding from the support level within the downtrend
25.06.2019
Japanese Candlesticks Analysis 25.06.2019 (USDCAD, AUDUSD)
USDCAD is testing the descending channel’s downside border, while AUDUSD is testing the upside border of the descending channel and forming reversal patterns.
24.06.2019
Japanese Candlesticks Analysis 24.06.2019 (GOLD, NZDUSD)
GOLD continues forming the ascending tendency, while NZDUSD is still growing after rebounding from the support line.
21.06.2019
Japanese Candlesticks Analysis 21.06.2019 (EURUSD, USDJPY)
EURUSD continues forming the rising channel with slight corrections, while USDJPY is still trading downwards.