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.
05.08.2019
Japanese Candlesticks Analysis 05.08.2019 (GOLD, NZDUSD)
GOLD continues moving within the ascending tendency, while NZDUSD is again testing the support line inside the ascending channel.
02.08.2019
Japanese Candlesticks Analysis 02.08.2019 (EURUSD, USDJPY)
EURUSD is once again testing the descending channel’s downside border, while USDJPY is testing the horizontal support line after breaking the descending channel’s downside border.
01.08.2019
Japanese Candlesticks Analysis 01.08.2019 (USDCAD, AUDUSD)
USDCAD is testing the resistance line within the ascending channel, while AUDUSD is still falling and forming the descending channel.
31.07.2019
Japanese Candlesticks Analysis 31.07.2019 (GOLD, NZDUSD)
GOLD is still rebounding from the support level within the ascending tendency, while NZDUSD is again testing the support line inside the ascending channel.
30.07.2019
Japanese Candlesticks Analysis 30.07.2019 (EURUSD, USDJPY)
EURUSD is once again testing the horizontal support line, while USDJPY is rebounding from the resistance level within the downtrend.
29.07.2019
Japanese Candlesticks Analysis 29.07.2019 (USDCAD, AUDUSD)
USDCAD is testing the resistance line within the descending channel, while AUDUSD is still falling towards the downside border of the ascending channel.
26.07.2019
Japanese Candlesticks Analysis 26.07.2019 (GOLD, NZDUSD)
GOLD is forming another bounce off the support line while forming an uptrend. NZDUSD is testing the support level again while forming an ascending channel.
25.07.2019
Japanese Candlesticks Analysis 25.07.2019 (EURUSD, USDJPY)
EURUSD is testing the horizontal support level again. USDJPY is forming another bounce off the resistance line inside the descending channel.