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.
11.05.2018
Japanese Candlesticks Analysis 11.05.2018 (EURUSD, USDJPY)
In the H4 chart, after breaking another support level and forming several Inverted Hammer and Hammer reversal patterns, EURUSD has completed another correction with Hanging Man pattern at the top.
10.05.2018
Japanese Candlesticks Analysis 10.05.2018 (USDCAD, AUDUSD)
As we can see in the H4 chart, after finishing a slight ascending movement, USDCAD has returned to the support level and right now continues forming Hammer and Inverted Hammer reversal patterns.
09.05.2018
Japanese Candlesticks Analysis 09.05.2018 (GOLD, NZDUSD)
As we can see in the H4 chart, XAUUSD is trading close to the support level and forming Inverted Hammer, Engulfing, and Doji reversal patterns there.
08.05.2018
Japanese Candlesticks Analysis 08.05.2018 (EURUSD, USDJPY)
In the H4 chart, after breaking another support level, EURUSD has finished several Inverted Hammer and Hammer reversal patterns.
07.05.2018
Japanese Candlesticks Analysis 07.05.2018 (USDCAD, AUDUSD)
As we can see in the H4 chart, USDCAD continues moving sideways and forming a lot of Shooting Star, Doji, and Hanging Man reversal patterns.
04.05.2018
Japanese Candlesticks Analysis 04.05.2018 (GOLD, NZDUSD)
As we can see in the H4 chart, XAUUSD has reached the support level and formed several Hammer, Engulfing, and Doji reversal patterns there.
03.05.2018
Japanese Candlesticks Analysis 03.05.2018 (EURUSD, USDJPY)
In the H4 chart, after finishing several Inverted Hammer and Engulfing reversal patterns, EURUSD is being corrected from the support level again.
02.05.2018
Japanese Candlesticks Analysis 02.05.2018 (USDCAD, AUDUSD)
As we can see in the H4 chart, USDCAD has formed several Shooting Star and Engulfing reversal patterns.