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.
26.06.2018
Japanese Candlesticks Analysis 26.06.2018 (USDCAD, AUDUSD)
As we can see in the H4 chart, USDCAD is testing the resistance level and forming Shooting Star, Engulfing, and Doji reversal patterns.
25.06.2018
Japanese Candlesticks Analysis 25.06.2018 (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.
22.06.2018
Japanese Candlesticks Analysis 22.06.2018 (EURUSD, USDJPY)
As we can see in the H4 chart, after falling, EURUSD has formed another correction with several Shooting Star and Hanging Man reversal patterns at the top.
21.06.2018
Japanese Candlesticks Analysis 21.06.2018 (USDCAD, AUDUSD)
As we can see in the H4 chart, USDCAD is testing the resistance level and forming Shooting Star and Doji reversal patterns.
20.06.2018
Japanese Candlesticks Analysis 20.06.2018 (GOLD, NZDUSD)
As we can see in the H4 chart, after breaking the support level, XAUUSD has formed several Hammer and Inverted Hammer reversal patterns.
19.06.2018
Japanese Candlesticks Analysis 19.06.2018 (EURUSD, USDJPY)
As we can see in the H4 chart, after falling from the resistance level, USDJPY has formed Hammer reversal pattern.
18.06.2018
Japanese Candlesticks Analysis 18.06.2018 (USDCAD, AUDUSD)
As we can see in the H4 chart, USDCAD is testing the resistance level and forming Shooting Star and Stick Sandwich reversal patterns.
15.06.2018
Japanese Candlesticks Analysis 15.06.2018 (GOLD, NZDUSD)
As we can see in the H4 chart, after reaching the support level, XAUUSD is still moving sideways and forming Harami, Hammer, Shooting Star, and Engulfing reversal patterns.