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.
05.03.2019
Japanese Candlesticks Analysis 05.03.2019 (EURUSD, USDJPY)
As we can see in the H4 chart, EURUSD has completed the pullback towards the resistance level and formed several Shooting Star and Hanging Man reversal patterns.
04.03.2019
Japanese Candlesticks Analysis 04.03.2019 (USDCAD, AUDUSD)
As we can see in the H4 chart, USDCAD is once again testing the resistance level and forming Hanging Man and Shooting Star reversal patterns.
01.03.2019
Japanese Candlesticks Analysis 01.03.2019 (GOLD, NZDUSD)
As we can see in the H4 chart, XAUUSD is still falling towards the support level despite Doji and Engulfing reversal patterns.
28.02.2019
Japanese Candlesticks Analysis 28.02.2019 (EURUSD, USDJPY)
As we can see in the H4 chart, EURUSD is still being corrected from the support level and forming Doji and Harami reversal patterns.
27.02.2019
Japanese Candlesticks Analysis 27.02.2019 (USDCAD, AUDUSD)
As we can see in the H4 chart, USDCAD is still falling with slight pullbacks from time to time; right now, it is testing the support level and forming Engulfing, Doji, and Inverted Hammer reversal patterns.
26.02.2019
Japanese Candlesticks Analysis 26.02.2019 (GOLD, NZDUSD)
As we can see in the H4 chart, XAUUSD has once again broken the resistance level and formed another pullback with Shooting Star, Doji, and Hanging Man reversal patterns.
25.02.2019
Japanese Candlesticks Analysis 25.02.2019 (EURUSD, USDJPY)
As we can see in the H4 chart, USDJPY is still testing the resistance level and forming Hanging Man, Harami, Engulfing, and Shooting Star reversal patterns.
22.02.2019
Japanese Candlesticks Analysis 22.02.2019 (USDCAD, AUDUSD)
As we can see in the H4 chart, USDCAD is still falling with slight pullbacks from time to time.