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.
15.11.2019
Japanese Candlesticks Analysis 15.11.2019 (EURUSD, USDJPY)
EURUSD continues forming the descending channel, while USDJPY is testing the support level within the ascending tendency.
14.11.2019
Japanese Candlesticks Analysis 14.11.2019 (USDCAD, AUDUSD)
After breaking the descending channel’s upside border, USDCAD is still moving upwards; AUDUSD has broken the descending channel’s downside border.
13.11.2019
Japanese Candlesticks Analysis 13.11.2019 (GOLD, NZDUSD)
GOLD continues the rising tendency, while NZDUSD is still moving upwards after completing the correction.
12.11.2019
Japanese Candlesticks Analysis 12.11.2019 (EURUSD, USDJPY)
EURUSD is forming a new descending channel, while USDJPY continues growing within the ascending tendency.
11.11.2019
Japanese Candlesticks Analysis 11.11.2019 (USDCAD, AUDUSD)
USDCAD has broken the descending channel’s upside border, while AUDUSD is rebounding from the descending channel’s downside border.
08.11.2019
Japanese Candlesticks Analysis 08.11.2019 (GOLD, NZDUSD)
GOLD has broken the rising channel’s downside border, while NZDUSD continues forming the ascending tendency.
07.11.2019
Japanese Candlesticks Analysis 07.11.2019 (EURUSD, USDJPY)
EURUSD is moving close to the horizontal support level, while USDJPY continues the correction within the ascending tendency.
06.11.2019
Japanese Candlesticks Analysis 06.11.2019 (USDCAD, AUDUSD)
USDCAD is still trading near the descending channel’s upside border, while AUDUSD is rebounding from the descending channel’s upside border.