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.
07.11.2018
Japanese Candlesticks Analysis 07.11.2018 (USDCAD, AUDUSD)
As we can see in the H4 chart, USDCAD is trading sideways below the resistance level and forming Engulfing, Hanging Man, and Doji reversal patterns.
06.11.2018
Japanese Candlesticks Analysis 06.11.2018 (GOLD, NZDUSD)
As we can see in the H4 chart, XAUUSD is forming another correction from the resistance level with Doji, Shooting Star, and Hanging Man reversal patterns.
05.11.2018
Japanese Candlesticks Analysis 05.11.2018 (EURUSD, USDJPY)
As we can see in the H4 chart, EURUSD is forming another correction from the resistance level with Hammer and Doji reversal patterns.
02.11.2018
Japanese Candlesticks Analysis 02.11.2018 (USDCAD, AUDUSD)
As we can see in the H4 chart, USDCAD is forming another pullback from the resistance level with Engulfing and Inverted Hammer reversal patterns.
01.11.2018
Japanese Candlesticks Analysis 01.11.2018 (GOLD, NZDUSD)
As we can see in the H4 chart, XAUUSD has completed another correction from the resistance level and formed Doji, Hammer, and Inverted Hammer reversal patterns.
31.10.2018
Japanese Candlesticks Analysis 31.10.2018 (EURUSD, USDJPY)
As we can see in the H4 chart, EURUSD has reached the support level once again and right now is forming another correction with Hammer and Doji reversal patterns.
30.10.2018
Japanese Candlesticks Analysis 30.10.2018 (USDCAD, AUDUSD)
As we can see in the H4 chart, USDCAD has completed another slight pullback from the resistance level; right now, it is still forming Shooting Star, Harami, and Hanging Man reversal patterns.
29.10.2018
Japanese Candlesticks Analysis 29.10.2018 (GOLD, NZDUSD)
As we can see in the H4 chart, XAUUSD is still testing the resistance level and forming Doji, Hanging Man, and Shooting Star reversal patterns.