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.
08.01.2019
Japanese Candlesticks Analysis 08.01.2019 (USDCAD, AUDUSD)
As we can see in the H4 chart, USDCAD is still trading close to the support level and forming Hammer reversal patterns.
07.01.2019
Japanese Candlesticks Analysis 07.01.2019 (GOLD, NZDUSD)
As we can see in the H4 chart, XAUUSD has broken another resistance level, formed Shooting Star and Harami reversal patterns, and then completed one more correction.
28.12.2018
Japanese Candlesticks Analysis 28.12.2018 (EURUSD, USDJPY)
As we can see in the H4 chart, EURUSD is testing the resistance level once again and forming Shooting Star reversal patterns.
27.12.2018
Japanese Candlesticks Analysis 27.12.2018 (USDCAD, AUDUSD)
As we can see in the H4 chart, AUDUSD is still trading close to the support level and forming Hammer, Harami, Doji, and Inverted Hammer reversal patterns.
26.12.2018
Japanese Candlesticks Analysis 26.12.2018 (GOLD, NZDUSD)
As we can see in the H4 chart, XAUUSD has broken another resistance level and formed Doji, Shooting Star, and Harami reversal patterns.
25.12.2018
Japanese Candlesticks Analysis 25.12.2018 (EURUSD, USDJPY)
As we can see in the H4 chart, EURUSD has completed another pullback from the resistance level and formed Harami, Shooting Star, and Doji reversal patterns.
24.12.2018
Japanese Candlesticks Analysis 24.12.2018 (USDCAD, AUDUSD)
As we can see in the H4 chart, USDCAD has broken another resistance level; right now, it is forming Shooting Star, Harami, and Hanging Man reversal patterns.
21.12.2018
Japanese Candlesticks Analysis 21.12.2018 (GOLD, NZDUSD)
As we can see in the H4 chart, XAUUSD has broken the resistance level and formed Hanging Man, Shooting Star, and Harami reversal patterns.