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.
15.02.2019
Japanese Candlesticks Analysis 15.02.2019 (EURUSD, USDJPY)
As we can see in the H4 chart, EURUSD is still trading close to the support level and forming Hammer, Inverted Hammer, and Harami reversal patterns.
14.02.2019
Japanese Candlesticks Analysis 14.02.2019 (USDCAD, AUDUSD)
As we can see in the H4 chart, USDCAD is still trading close to the resistance level and forming Hanging Man and Shooting Star reversal patterns.
13.02.2019
Japanese Candlesticks Analysis 13.02.2019 (GOLD, NZDUSD)
As we can see in the H4 chart, XAUUSD is still trading close to the resistance level; it has already formed several Doji, Hammer, and Harami reversal patterns.
12.02.2019
Japanese Candlesticks Analysis 12.02.2019 (EURUSD, USDJPY)
As we can see in the H4 chart, EURUSD is trading close to the support level and forming Inverted Hammer and Harami reversal patterns.
11.02.2019
Japanese Candlesticks Analysis 11.02.2019 (USDCAD, AUDUSD)
As we can see in the H4 chart, USDCAD has reached another resistance level and formed several Hanging Man and Harami reversal patterns.
08.02.2019
Japanese Candlesticks Analysis 08.02.2019 (GOLD, NZDUSD)
As we can see in the H4 chart, XAUUSD is still being corrected from the resistance level; it has already formed several Hammer and Harami reversal patterns.
07.02.2019
Japanese Candlesticks Analysis 07.02.2019 (EURUSD, USDJPY)
As we can see in the H4 chart, EURUSD is trading close to the support level and forming Inverted Hammer reversal pattern.
06.02.2019
Japanese Candlesticks Analysis 06.02.2019 (USDCAD, AUDUSD)
As we can see in the H4 chart, USDCAD has reached another support level and formed several Hammer, Engulfing, Harami, and Inverted Hammer reversal patterns.