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.
13.05.2021
USDCAD continues testing the support area; AUDUSD is rebounding from the channel’s downside border, while USDCHF is about to complete the pullback within the descending tendency.
12.05.2021
GOLD is forming one more correctional impulse; NZDUSD is falling towards the channel’s downside border, while GBPUSD continues testing the resistance area.
11.05.2021
EURUSD is testing another resistance area; USDJPY continues moving within the uptrend, while EURGBP is trading sideways within the descending tendency.
10.05.2021
USDCAD continues falling; AUDUSD is testing the resistance area, while USDCHF is forming a pullback within the descending tendency.
07.05.2021
GOLD is forming another correctional wave; NZDUSD is testing the resistance level, while GBPUSD continues trading sideways.
06.05.2021
EURUSD is testing another support area; USDJPY continues moving within the uptrend, while EURGBP is trading sideways within the descending tendency.
05.05.2021
USDCAD is forming a pullback within the descending tendency; AUDUSD continues rebounding from the support area, while USDCHF is reversing.
04.05.2021
XAUUSD is forming another correction; NZDUSD is still reversing, while GBPUSD continues rebounding from the support area.