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.
10.12.2018
Japanese Candlesticks Analysis 10.12.2018 (GOLD, NZDUSD)
As we can see in the H4 chart, XAUUSD has updated the closest highs again and formed Hanging Man and Doji reversal patterns.
07.12.2018
Japanese Candlesticks Analysis 07.12.2018 (EURUSD, USDJPY)
As we can see in the H4 chart, EURUSD is still testing the resistance level and forming Hammer, Doji, and Harami reversal patterns.
06.12.2018
Japanese Candlesticks Analysis 06.12.2018 (USDCAD, AUDUSD)
As we can see in the H4 chart, USDCAD has broken the resistance level and formed several Shooting Star and Engulfing reversal pattern.
05.12.2018
Japanese Candlesticks Analysis 05.12.2018 (GOLD, NZDUSD)
As we can see in the H4 chart, NZDUSD has broken the resistance level and formed Engulfing, Shooting Star, and Doji reversal patterns.
04.12.2018
Japanese Candlesticks Analysis 04.12.2018 (EURUSD, USDJPY)
As we can see in the H4 chart, USDJPY has rebounded from the resistance level once again and formed Doji and Hanging Man reversal patterns.
03.12.2018
Japanese Candlesticks Analysis 03.12.2018 (USDCAD, AUDUSD)
As we can see in the H4 chart, the market has opened with a gap; USDCAD has rebounded from the resistance level and formed Long-Legged Doji pattern.
03.12.2018
Murrey Math Lines 03.12.2018 (EURUSD, GBPUSD)
In the H4 chart, EURUSD may break the 2/8 level and then continue growing towards the resistance at the 4/8 one.
30.11.2018
Japanese Candlesticks Analysis 30.11.2018 (GOLD, NZDUSD)
As we can see in the H4 chart, NZDUSD is still testing the resistance level and forming Engulfing, Shooting Star, and Doji reversal patterns.