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.
17.05.2019
Japanese Candlesticks Analysis 17.05.2019 (USDCAD, AUDUSD)
As we can see in the H4 chart, USDCAD is trading inside the triangle.
16.05.2019
Japanese Candlesticks Analysis 16.05.2019 (GOLD, NZDUSD)
As we can see in the H4 chart, NZDUSD has been trading downwards for quite a long time.
15.05.2019
Japanese Candlesticks Analysis 15.05.2019 (EURUSD, USDJPY)
As we can see in the H4 chart, after rebounding from the support level, EURUSD is trading upwards and forming Engulfing, Hammer, and Inverted Hammer reversal patterns during pullbacks.
14.05.2019
Japanese Candlesticks Analysis 14.05.2019 (USDCAD, AUDUSD)
As we can see in the H4 chart, USDCAD is still trading sideways, testing the resistance level, and forming Shooting Star and Hanging Man reversal patterns.
13.05.2019
Japanese Candlesticks Analysis 13.05.2019 (GOLD, NZDUSD)
As we can see in the H4 chart, XAUUSD is still testing close to the support level and forming Hammer, Inverted Hammer, and Harami reversal patterns.
10.05.2019
Japanese Candlesticks Analysis 10.05.2019 (EURUSD, USDJPY)
As we can see in the H4 chart, EURUSD has rebounded from the support level and formed Harami, Hammer, and Inverted Hammer reversal patterns.
09.05.2019
Japanese Candlesticks Analysis 09.05.2019 (USDCAD, AUDUSD)
As we can see in the H4 chart, USDCAD is still testing the resistance support level and forming Shooting Star and Hanging Man reversal patterns.
08.05.2019
Japanese Candlesticks Analysis 08.05.2019 (GOLD, NZDUSD)
As we can see in the H4 chart, XAUUSD is still trading close to the support level and forming Hammer and Harami reversal patterns.