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.
29.07.2019
Japanese Candlesticks Analysis 29.07.2019 (USDCAD, AUDUSD)
USDCAD is testing the resistance line within the descending channel, while AUDUSD is still falling towards the downside border of the ascending channel.
26.07.2019
Japanese Candlesticks Analysis 26.07.2019 (GOLD, NZDUSD)
GOLD is forming another bounce off the support line while forming an uptrend. NZDUSD is testing the support level again while forming an ascending channel.
25.07.2019
Japanese Candlesticks Analysis 25.07.2019 (EURUSD, USDJPY)
EURUSD is testing the horizontal support level again. USDJPY is forming another bounce off the resistance line inside the descending channel.
24.07.2019
Japanese Candlesticks Analysis 24.07.2019 (USDCAD, AUDUSD)
USDCAD is testing the resistance level inside the descending channel. AUDUSD keeps declining to the lower border of the ascending channel.
23.07.2019
Japanese Candlesticks Analysis 23.07.2019 (GOLD, NZDUSD)
GOLD is forming a bounce off the support line inside the forming uptrend. NZDUSD is testing the horizontal resistance line again.
22.07.2019
Japanese Candlesticks Analysis 22.07.2019 (EURUSD, USDJPY)
EURUSD is testing the horizontal support level again. USDJPY is forming another correction after a bounce off the resistance line inside the descending channel.
19.07.2019
Japanese Candlesticks Analysis 19.07.2019 (USDCAD, AUDUSD)
USDCAD keeps moving sideways around the support level inside the descending channel. AUDUSD goes on forming an ascending channel.
18.07.2019
Japanese Candlestick Analysis 18.07.2019 (GOLD, NZDUSD)
GOLD if forming a bounce off the resistance line inside the ascending channel. NZDUSD is testing the horizontal resistance level once again.