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.
26.10.2018
Japanese Candlesticks Analysis 26.10.2018 (EURUSD, USDJPY)
As we can see in the H4 chart, USDJPY is still testing the support level and forming Doji, Hammer, and Inverted Hammer reversal patterns.
25.10.2018
Japanese Candlesticks Analysis 25.10.2018 (USDCAD, AUDUSD)
As we can see in the H4 chart, AUDUSD is still trading at the support level and forming Engulfing, Hammer, and Inverted Hammer reversal patterns.
24.10.2018
Japanese Candlesticks Analysis 24.10.2018 (GOLD, NZDUSD)
As we can see in the H4 chart, XAUUSD is still testing the resistance level and forming Hanging Man and Shooting Star reversal patterns.
23.10.2018
Japanese Candlesticks Analysis 23.10.2018 (EURUSD, USDJPY)
As we can see in the H4 chart, EURUSD is still testing the support level and forming Hammer, Doji, and Inverted Hammer reversal patterns.
22.10.2018
Japanese Candlesticks Analysis 22.10.2018 (USDCAD, AUDUSD)
As we can see in the H4 chart, USDCAD is being corrected from the resistance level, where it formed several Shooting Star and Hanging Man reversal patterns.
19.10.2018
Japanese Candlesticks Analysis 19.10.2018 (GOLD, NZDUSD)
As we can see in the H4 chart, XAUUSD is still testing the resistance level and forming Engulfing, Hanging Man and Shooting Star reversal patterns.
18.10.2018
Japanese Candlesticks Analysis 18.10.2018 (EURUSD, USDJPY)
As we can see in the H4 chart, EURUSD is still testing the support level and forming Hammer, Doji, and Engulfing reversal patterns.
17.10.2018
Japanese Candlesticks Analysis 17.10.2018 (USDCAD, AUDUSD)
As we can see in the H4 chart, USDCAD has been corrected towards the support level and formed several Engulfing and Inverted Hammer reversal patterns there.