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.
23.05.2018
Japanese Candlesticks Analysis 23.05.2018 (USDCAD, AUDUSD)
As we can see in the H4 chart, USDCAD continues moving sideways and forming Hammer, Shooting Star, and Hanging Man reversal patterns at support and resistance levels.
22.05.2018
Japanese Candlesticks Analysis 22.05.2018 (GOLD, NZDUSD)
As we can see in the H4 chart, after reaching the support level, forming several Hammer, Inverted Hammer, and Engulfing reversal patterns, and updating its low, XAUUSD has been corrected again.
21.05.2018
Japanese Candlesticks Analysis 21.05.2018 (EURUSD, USDJPY)
As we can see in the H4 chart, EURUSD has reached another low and formed several Hammer and Doji reversal patterns.
18.05.2018
Japanese Candlesticks Analysis 18.05.2018 (USDCAD, AUDUSD)
As we can see in the H4 chart, after forming several Hammer and Harami reversal patterns, USDCAD has rebounded from the support level once again and formed Shooting Star pattern at the top.
17.05.2018
Japanese Candlesticks Analysis 17.05.2018 (GOLD, NZDUSD)
As we can see in the H4 chart, after reaching the support level and forming several Hammer, Inverted Hammer, and Engulfing reversal patterns, XAUUSD has been slightly corrected.
16.05.2018
Japanese Candlesticks Analysis 16.05.2018 (EURUSD, USDJPY)
As we can see in the H4 chart, EURUSD has reached another low and formed several Hammer reversal patterns.
15.05.2018
Japanese Candlesticks Analysis 15.05.2018 (USDCAD, AUDUSD)
As we can see in the H4 chart, after forming several Hammer and Harami reversal patterns, USDCAD has rebounded from the support level.
14.05.2018
Japanese Candlesticks Analysis 14.05.2018 (GOLD, NZDUSD)
As we can see in the H4 chart, after forming several Hammer and Engulfing reversal patterns, XAUUSD has rebounded from the support level.