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.
18.01.2019
Japanese Candlesticks Analysis 18.01.2019 (GOLD, NZDUSD)
As we can see in the H4 chart, XAUUSD is still testing the resistance level again and forming Shooting Star, Doji, and Hanging Man reversal patterns.
17.01.2019
Japanese Candlesticks Analysis 17.01.2019 (EURUSD, USDJPY)
As we can see in the H4 chart, EURUSD is testing the support level and forming Harami, Hammer, and Inverted Hammer reversal patterns.
16.01.2019
Japanese Candlesticks Analysis 16.01.2019 (USDCAD, AUDUSD)
As we can see in the H4 chart, USDCAD is trading near the support level and forming Hammer, Doji, and Inverted Hammer reversal patterns.
15.01.2019
Japanese Candlesticks Analysis 15.01.2019 (GOLD, NZDUSD)
As we can see in the H4 chart, XAUUSD is still testing the resistance level again and forming Shooting Star, Doji, and Hanging Man reversal patterns.
14.01.2019
Japanese Candlesticks Analysis 14.01.2019 (EURUSD, USDJPY)
As we can see in the H4 chart, EURUSD has tested the resistance level with Shooting Star and Engulfing reversal patterns and then completed the correction.
11.01.2019
Japanese Candlesticks Analysis 11.01.2019 (USDCAD, AUDUSD)
As we can see in the H4 chart, USDCAD is still trading close to the support level and forming Hammer, Doji, and Inverted Hammer reversal patterns.
10.01.2019
Japanese Candlesticks Analysis 10.01.2019 (GOLD, NZDUSD)
As we can see in the H4 chart, NZDUSD is trading near the resistance level and forming Hanging Man and Shooting Star reversal patterns.
09.01.2019
Japanese Candlesticks Analysis 09.01.2019 (EURUSD, USDJPY)
As we can see in the H4 chart, USDJPY has completed another correction from the support level; right now, it is forming Doji, Shooting Star, and Hanging Man reversal patterns.