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.
13.02.2020
Japanese Candlesticks Analysis 13.02.2020 (EURUSD, USDJPY)
EURUSD has broken the descending channel’s downside border, while USDJPY is forming another correction within the ascending tendency.
12.02.2020
Japanese Candlesticks Analysis 12.02.2020 (USDCAD, AUDUSD)
USDCAD is once again moving inside the rising channel, while AUDUSD continues the correction within the downtrend.
11.02.2020
Japanese Candlesticks Analysis 11.02.2020 (GOLD, NZDUSD)
GOLD continues forming the rising channel, while NZDUSD is testing the support level of the descending channel.
10.02.2020
Japanese Candlesticks Analysis 10.02.2020 (EURUSD, USDJPY)
EURUSD is testing the support level while forming the descending tendency; USDJPY continues the ascending channel.
07.02.2020
Japanese Candlesticks Analysis 07.02.2020 (USDCAD, AUDUSD)
USDCAD continues trading near the rising channel’s upside border, while AUDUSD is still trading downwards.
06.02.2020
Japanese Candlesticks Analysis 06.02.2020 (GOLD, NZDUSD)
GOLD is testing the rising channel’s downside border, while NZDUSD is still trading close to the support level.
05.02.2020
Japanese Candlesticks Analysis 05.02.2020 (EURUSD, USDJPY)
EURUSD continues forming the descending tendency, while USDJPY is back inside the ascending channel.
04.02.2020
Japanese Candlesticks Analysis 04.02.2020 (USDCAD, AUDUSD)
After updating the high, USDCAD continues growing, while AUDUSD is still trading not far from the channel’s downside border.