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.

19.10.2020

Japanese Candlesticks Analysis 19.10.2020 (GOLD, NZDUSD, GBPUSD)

GOLD is testing the rising channel’s downside border again; NZDUSD continues the correction, while GBPUSD is still moving within the uptrend.
16.10.2020

Japanese Candlesticks Analysis 16.10.2020 (EURUSD, USDJPY, EURGBP)

EURUSD is still rebounding from the descending channel’s upside border; USDJPY continues testing the support area, while EURGBP is moving to reach the channel’s upside border.
15.10.2020

Japanese Candlesticks Analysis 15.10.2020 (USDCAD, AUDUSD, USDCHF)

USDCAD is still testing the support area; AUDUSD continues moving within the downtrend, while USDCHF is still rebounding from the horizontal support level.
14.10.2020

Japanese Candlesticks Analysis 14.10.2020 (GOLD, NZDUSD, GBPUSD)

GOLD is testing the rising channel’s downside border; NZDUSD is still moving upwards after finishing a pullback, while GBPUSD is correcting within the uptrend.
13.10.2020

Japanese Candlesticks Analysis 13.10.2020 (EURUSD, USDJPY, EURGBP)

EURUSD has rebounded from the descending channel’s upside border; USDJPY continues testing the support area, while EURGBP is rebounding from the support level again.
12.10.2020

Japanese Candlesticks Analysis 12.10.2020 (USDCAD, AUDUSD, USDCHF)

USDCAD is testing the support area; AUDUSD is finishing the correction withing the downtrend, while USDCHF is still testing the horizontal support level.
09.10.2020

Japanese Candlesticks Analysis 09.10.2020 (GOLD, NZDUSD, GBPUSD)

GOLD continues growing; NZDUSD is moving upwards after finishing a pullback, while GBPUSD is still forming the rising impulse.
08.10.2020

Japanese Candlesticks Analysis 08.10.2020 (EURUSD, USDJPY, EURGBP)

EURUSD is rebounding from the descending channel’s upside border; USDJPY continues rising, while EURGBP is rebounding from the resistance area again.