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.
16.10.2018
Japanese Candlesticks Analysis 16.10.2018 (GOLD, NZDUSD)
As we can see in the H4 chart, XAUUSD is testing the resistance level and forming Hanging Man and Shooting Star reversal patterns.
15.10.2018
Japanese Candlesticks Analysis 15.10.2018 (EURUSD, USDJPY)
As we can see in the H4 chart, EURUSD continues the pullback from the support level; right now, it is forming Hammer, Doji, and Engulfing reversal patterns.
12.10.2018
Japanese Candlesticks Analysis 12.10.2018 (USDCAD, AUDUSD)
As we can see in the H4 chart, USDCAD is still moving upwards and forming Doji, Harami, and Hanging Man reversal patterns during slight pullbacks.
11.10.2018
Japanese Candlesticks Analysis 11.10.2018 (GOLD, NZDUSD)
As we can see in the H4 chart, XAUUSD is testing the support level and forming Hammer, Engulfing, and Inverted Hammer reversal patterns.
10.10.2018
Japanese Candlesticks Analysis 10.10.2018 (EURUSD, USDJPY)
As we can see in the H4 chart, after being corrected from the resistance level, USDJPY has formed several Doji, Hammer, and Inverted Hammer reversal patterns.
09.10.2018
Japanese Candlesticks Analysis 09.10.2018 (USDCAD, AUDUSD)
As we can see in the H4 chart, USDCAD is still moving upwards and forming Doji, Harami, and Engulfing reversal patterns during slight pullbacks.
08.10.2018
Japanese Candlesticks Analysis 08.10.2018 (GOLD, NZDUSD)
As we can see in the H4 chart, XAUUSD has finished the correction from the resistance level and formed several Hammer reversal patterns.
05.10.2018
Japanese Candlesticks Analysis 05.10.2018 (EURUSD, USDJPY)
As we can see in the H4 chart, EURUSD continues falling; right now, it is testing another support level and forming Engulfing, Doji, and Inverted Harami reversal patterns.