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.
20.12.2018
Japanese Candlesticks Analysis 20.12.2018 (EURUSD, USDJPY)
As we can see in the H4 chart, EURUSD is testing the resistance level and forming Engulfing, Shooting Star, and Doji reversal patterns.
19.12.2018
Japanese Candlesticks Analysis 19.12.2018 (USDCAD, AUDUSD)
As we can see in the H4 chart, USDCAD has broken the resistance level; right now, it is forming Shooting Star, Harami, and Doji reversal pattern.
18.12.2018
Japanese Candlesticks Analysis 18.12.2018 (GOLD, NZDUSD)
As we can see in the H4 chart, XAUUSD is still trading below the resistance level and forming Hanging Man, Shooting Star, and Harami reversal patterns.
17.12.2018
Japanese Candlesticks Analysis 17.12.2018 (EURUSD, USDJPY)
As we can see in the H4 chart, EURUSD is still testing the support level and forming Hammer, Engulfing, and Doji reversal patterns.
14.12.2018
Japanese Candlesticks Analysis 14.12.2018 (USDCAD, AUDUSD)
As we can see in the H4 chart, USDCAD is still testing the resistance level and forming Shooting Star, Hanging Man, and Doji reversal pattern.
13.12.2018
Japanese Candlesticks Analysis 13.12.2018 (GOLD, NZDUSD)
As we can see in the H4 chart, XAUUSD is still trading below the resistance level and forming Hanging Man, Shooting Star, and Doji reversal patterns.
12.12.2018
Japanese Candlesticks Analysis 12.12.2018 (EURUSD, USDJPY)
As we can see in the H4 chart, EURUSD is still testing the resistance level and forming Inverted Hammer, Engulfing, and Doji reversal patterns.
11.12.2018
Japanese Candlesticks Analysis 11.12.2018 (USDCAD, AUDUSD)
As we can see in the H4 chart, USDCAD has once again reached the resistance level and formed several Shooting Star, Hanging Man, and Long-Legged Doji reversal pattern.