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.
31.08.2018
Japanese Candlesticks Analysis 31.08.2018 (USDCAD, AUDUSD)
As we can see in the H4 chart, AUDUSD has reached the support level once again and formed several Hammer and Inverted Hammer reversal patterns there.
30.08.2018
Japanese Candlesticks Analysis 30.08.2018 (GOLD, NZDUSD)
As we can see in the H4 chart, XAUUSD has reached the resistance level and right now is forming Hammer, Doji, and Harami reversal patterns there.
29.08.2018
Japanese Candlesticks Analysis 29.08.2018 (EURUSD, USDJPY)
As we can see in the H4 chart, EURUSD continues growing and forming Inverted Hammer, Doji, and Engulfing reversal patterns during pullbacks.
28.08.2018
Japanese Candlesticks Analysis 28.08.2018 (USDCAD, AUDUSD)
As we can see in the H4 chart, USDCAD has formed another correction towards the support level with Engulfing, Hammer, and Inverted Hammer reversal patterns.
27.08.2018
Japanese Candlesticks Analysis 27.08.2018 (GOLD, NZDUSD)
As we can see in the H4 chart, XAUUSD has reached the resistance level and right now is forming Hammer and Harami reversal patterns there.
24.08.2018
Japanese Candlesticks Analysis 24.08.2018 (EURUSD, USDJPY)
As we can see in the H4 chart, after rebounding from the support level, USDJPY is still forming Hammer and Doji reversal patterns.
23.08.2018
Japanese Candlesticks Analysis 23.08.2018 (USDCAD, AUDUSD)
As we can see in the H4 chart, USDCAD has formed another correction with Engulfing, Hammer, and Inverted Hammer reversal patterns.
22.08.2018
Japanese Candlesticks Analysis 22.08.2018 (GOLD, NZDUSD)
As we can see in the H4 chart, XAUUSD has tested another support level and right now is still forming Hammer and Doji reversal patterns.