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.
06.07.2018
Japanese Candlesticks Analysis 06.07.2018 (GOLD, NZDUSD)
As we can see in the H4 chart, after rebounding from the support level, XAUUSD has formed several Harami, Hammer, and Inverted Hammer reversal patterns.
05.07.2018
Japanese Candlesticks Analysis 05.07.2018 (EURUSD, USDJPY)
As we can see in the H4 chart, while moving sideways and forming slight pullbacks and Hammer, Engulfing, and Doji reversal patterns, EURUSD has reached the resistance level once again.
04.07.2018
Japanese Candlesticks Analysis 04.07.2018 (USDCAD, AUDUSD)
As we can see in the H4 chart, USDCAD has rebounded from the resistance level and formed Shooting Star, Engulfing, and Hanging Man reversal patterns.
03.07.2018
Japanese Candlesticks Analysis 03.07.2018 (GOLD, NZDUSD)
As we can see in the H4 chart, after breaking the support level, XAUUSD has formed several Doji, Hammer, and Inverted Hammer reversal patterns.
02.07.2018
Japanese Candlesticks Analysis 02.07.2018 (EURUSD, USDJPY)
As we can see in the H4 chart, while moving sideways and forming slight pullbacks and Hammer, Engulfing, and Doji reversal patterns, EURUSD has reached the resistance level.
29.06.2018
Japanese Candlesticks Analysis 29.06.2018 (USDCAD, AUDUSD)
As we can see in the H4 chart, USDCAD is still testing the resistance level and forming Shooting Star, Engulfing, and Hanging Man reversal patterns.
28.06.2018
Japanese Candlesticks Analysis 28.06.2018 (GOLD, NZDUSD)
As we can see in the H4 chart, after breaking the support level, XAUUSD has formed several Doji, Hammer, and Inverted Hammer reversal patterns.
27.06.2018
Japanese Candlesticks Analysis 27.06.2018 (EURUSD, USDJPY)
As we can see in the H4 chart, after falling, EURUSD has started another growth with slight pullbacks and Hammer, Engulfing, and Doji reversal patterns.