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.
07.05.2019
As we can see in the H4 chart, USDJPY is testing the support level and forming Engulfing and Inverted Hammer reversal patterns.
06.05.2019
As we can see in the H4 chart, USDCAD is testing the resistance support level and forming Shooting Star and Harami reversal patterns.
03.05.2019
As we can see in the H4 chart, XAUUSD is still testing the support level and forming Hammer and Harami reversal patterns.
02.05.2019
As we can see in the H4 chart, EURUSD has rebounded from the support level; right now, it is forming another correction with Engulfing and Harami reversal patterns.
01.05.2019
As we can see in the H4 chart, AUDUSD is still trading close to the support level and forming Inverted Hammer, Hammer, Doji, and Harami reversal patterns.
30.04.2019
As we can see in the H4 chart, XAUUSD is still trading close to the support level and forming Hammer and Harami reversal patterns.
29.04.2019
As we can see in the H4 chart, EURUSD has completed a slight pullback at the support level and formed Hammer, Inverted Hammer, and Harami reversal patterns.
26.04.2019
As we can see in the H4 chart, USDCAD is testing the resistance level and forming Hanging Man and Shooting Star reversal patterns.