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.
10.06.2019
Japanese Candlesticks Analysis 10.06.2019 (EURUSD, USDJPY)
EURUSD has broken the channel’s upside border, while USDJPY has rebounded from the channel’s downside border and formed reversal patterns.
07.06.2019
Japanese Candlesticks Analysis 07.06.2019 (USDCAD, AUDUSD)
USDCAD has completed the pullback within the descending tendency, while AUDUSD has rebounded from the ascending channel’s upside border.
06.06.2019
Japanese Candlesticks Analysis 06.06.2019 (GOLD, NZDUSD)
After breaking the ascending channel, GOLD is testing another resistance level, while NZDUSD is also testing the resistance line and may dorm another descending wave in the future.
05.06.2019
Japanese Candlesticks Analysis 05.06.2019 (EURUSD, USDJPY)
After finishing another ascending structure, EURUSD is testing the resistance level, while USDJPY is testing the channel’s downside border and forming reversal patterns.
04.06.2019
Japanese Candlesticks Analysis 04.06.2019 (USDCAD, AUDUSD)
USDCAD is starting a new rising tendency, while AUDUSD is testing the ascending channel’s upside border.
03.06.2019
Japanese Candlesticks Analysis 03.06.2019 (GOLD, NZDUSD)
GOLD is about to start another correctional wave, while NZDUSD is falling again after testing the resistance line.
31.05.2019
Japanese Candlesticks Analysis 31.05.2019 (EURUSD, USDJPY)
After finishing another descending structure, EURUSD is testing the support level, while USDJPY is testing the channel’s downside border.
30.05.2019
Japanese Candlesticks Analysis 30.05.2019 (USDCAD, AUDUSD)
USDCAD has broken the resistance level and continued forming Triangle pattern, while AUDUSD is testing the resistance level and may reverse.