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.
29.05.2019
Japanese Candlesticks Analysis 29.05.2019 (GOLD, NZDUSD)
GOLD is forming another rising wave after finishing the correction, while NZDUSD is testing the resistance line of the descending channel.
28.05.2019
Japanese Candlesticks Analysis 28.05.2019 (EURUSD, USDJPY)
After finishing the correction, EURUSD is still trading downwards, while USDJPY is trying to rebound from the support level within the uptrend.
27.05.2019
Japanese Candlesticks Analysis 27.05.2019 (USDCAD, AUDUSD)
USDCAD continues trading inside Triangle pattern, while AUDUSD is testing the support level and may reverse.
24.05.2019
Japanese Candlesticks Analysis 24.05.2019 (GOLD, NZDUSD)
GOLD continues moving upwards, while NZDUSD is still falling rather quickly.
23.05.2019
Japanese Candlesticks Analysis 23.05.2019 (EURUSD, USDJPY)
EURUSD is still trading downwards, while USDJPY continues growing with recurrent corrections.
22.05.2019
Japanese Candlesticks Analysis 22.05.2019 (USDCAD, AUDUSD)
As we can see in the H4 chart, the descending tendency continues, while AUDUSD is trading sideways.
21.05.2019
Japanese Candlesticks Analysis 21.05.2019 (GOLD, NZDUSD)
As we can see in the H4 chart, NZDUSD has been trading downwards for quite a long time.
20.05.2019
Japanese Candlesticks Analysis 20.05.2019 (EURUSD, USDJPY)
As we can see in the H4 chart, USDJPY is trading upwards.