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.
12.03.2019
Japanese Candlesticks Analysis 12.03.2019 (USDCAD, AUDUSD)
As we can see in the H4 chart, AUDUSD is still trading close to the support level and forming Hammer, Inverted Hammer, and Harami reversal patterns.
11.03.2019
Japanese Candlesticks Analysis 11.03.2019 (GOLD, NZDUSD)
As we can see in the H4 chart, XAUUSD has reached the support level and formed several Engulfing, Hammer, and Inverted Hammer reversal patterns.
08.03.2019
Japanese Candlesticks Analysis 08.03.2019 (EURUSD, USDJPY)
As we can see in the H4 chart, EURUSD has reached the support level and formed several Engulfing, Hammer, and Inverted Hammer reversal patterns.
07.03.2019
Japanese Candlesticks Analysis 07.03.2019 (USDCAD, AUDUSD)
As we can see in the H4 chart, AUDUSD is still trading close to the support level and forming Hammer reversal patterns.
06.03.2019
Japanese Candlesticks Analysis 06.03.2019 (GOLD, NZDUSD)
As we can see in the H4 chart, XAUUSD has reached the support level and formed several Hammer and Inverted Hammer reversal patterns.
05.03.2019
Japanese Candlesticks Analysis 05.03.2019 (EURUSD, USDJPY)
As we can see in the H4 chart, EURUSD has completed the pullback towards the resistance level and formed several Shooting Star and Hanging Man reversal patterns.
04.03.2019
Japanese Candlesticks Analysis 04.03.2019 (USDCAD, AUDUSD)
As we can see in the H4 chart, USDCAD is once again testing the resistance level and forming Hanging Man and Shooting Star reversal patterns.
28.02.2019
Japanese Candlesticks Analysis 28.02.2019 (EURUSD, USDJPY)
As we can see in the H4 chart, EURUSD is still being corrected from the support level and forming Doji and Harami reversal patterns.