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.
14.06.2018
Japanese Candlesticks Analysis 14.06.2018 (EURUSD, USDJPY)
As we can see in the H4 chart, EURUSD is still growing and forming slight corrections with Hammer, Doji, and Engulfing reversal patterns.
13.06.2018
Japanese Candlesticks Analysis 13.06.2018 (USDCAD, AUDUSD)
As we can see in the H4 chart, USDCAD is testing the resistance level and forming Shooting Star and Hanging Man reversal patterns.
12.06.2018
Japanese Candlesticks Analysis 12.06.2018 (GOLD, NZDUSD)
As we can see in the H4 chart, after reaching a new high, NZDUSD has formed several Shooting Star, Engulfing, and Doji reversal patterns, and right now is trading sideways.
11.06.2018
Japanese Candlesticks Analysis 11.06.2018 (EURUSD, USDJPY)
As we can see in the H4 chart, EURUSD is still growing and forming slight corrections.
08.06.2018
Japanese Candlesticks Analysis 08.06.2018 (USDCAD, AUDUSD)
As we can see in the H4 chart, USDCAD is trading sideways.
07.06.2018
Japanese Candlesticks Analysis 07.06.2018 (GOLD, NZDUSD)
As we can see in the H4 chart, after reaching the support level, XAUUSD is still moving sideways and forming Harami, Hammer, Inverted Hammer, and Doji reversal patterns.
06.06.2018
Japanese Candlesticks Analysis 06.06.2018 (EURUSD, USDJPY)
As we can see in the H4 chart, EURUSD has reached another low and completed the correction with several Shooting Star and Engulfing reversal patterns at the top.
05.06.2018
Japanese Candlesticks Analysis 05.06.2018 (USDCAD, AUDUSD)
As we can see in the H4 chart, USDCAD is trading between support and resistance levels and forming Hammer and Inverted Hammer reversal patterns.