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.
21.08.2018
Japanese Candlesticks Analysis 21.08.2018 (EURUSD, USDJPY)
As we can see in the H4 chart, EURUSD continues growing and forming Inverted Hammer, Hammer, Doji, and Engulfing reversal patterns during pullbacks.
20.08.2018
Japanese Candlesticks Analysis 20.08.2018 (USDCAD, AUDUSD)
As we can see in the H4 chart, USDCAD has formed another correction with Hammer and Inverted Hammer reversal patterns.
17.08.2018
Japanese Candlesticks Analysis 17.08.2018 (GOLD, NZDUSD)
As we can see in the H4 chart, XAUUSD is testing another support level and forming Hammer and Doji reversal patterns.
16.08.2018
Japanese Candlesticks Analysis 16.08.2018 (EURUSD, USDJPY)
As we can see in the H4 chart, EURUSD has formed several Inverted Hammer, Hammer, Doji, and Engulfing reversal patterns.
15.08.2018
Japanese Candlesticks Analysis 15.08.2018 (USDCAD, AUDUSD)
As we can see in the H4 chart, AUDUSD has completed its sideways movement and right now is testing the support level.
14.08.2018
Japanese Candlesticks Analysis 14.08.2018 (GOLD, NZDUSD)
As we can see in the H4 chart, XAUUSD is testing another support level and forming Doji reversal patterns.
13.08.2018
Japanese Candlesticks Analysis 13.08.2018 (EURUSD, USDJPY)
As we can see in the H4 chart, after breaking the support level once again, EURUSD has formed several Inverted Hammer and Engulfing reversal patterns.
10.08.2018
Japanese Candlesticks Analysis 10.08.2018 (USDCAD, AUDUSD)
As we can see in the H4 chart, AUDUSD has completed its sideways movement despite Harami, Hammer, Doji, and Engulfing reversal patterns.