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.
13.06.2019
Japanese Candlesticks Analysis 13.06.2019 (EURUSD, USDJPY)
EURUSD is testing the rising channel’s downside border, while USDJPY is trading sideways and forming several reversal patterns.
12.06.2019
Japanese Candlesticks Analysis 12.06.2019 (USDCAD, AUDUSD)
USDCAD has completed the pullback towards the support level and may rebound from it, while AUDUSD is testing the ascending channel’s downside border.
11.06.2019
Japanese Candlesticks Analysis 11.06.2019 (GOLD, NZDUSD)
After breaking the ascending channel, GOLD is testing another support level, while NZDUSD has rebounded from the resistance line.
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.