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.
28.03.2018
Japanese Candlesticks Analysis 28.03.2018 (GOLD, NZDUSD)
As we can see in the H4 chart, after reaching the resistance level, XAUUSD has formed several Shooting Star and Hanging Man reversal patterns there.
27.03.2018
Japanese Candlesticks Analysis 27.03.2018 (EURUSD, USDJPY)
After breaking the support level in the H4 chart, EURUSD has formed several Shooting Star and Doji reversal patterns.
26.03.2018
Japanese Candlesticks Analysis 26.03.2018 (USDCAD, AUDUSD)
As we can see in the H4 chart, USDCAD has reached the support level once again and formed several Hammer, Engulfing, and Harami reversal patterns there.
23.03.2018
Japanese Candlesticks Analysis 23.03.2018 (GOLD, NZDUSD)
As we can see in the H4 chart, after breaking the resistance level, XAUUSD is still moving upwards and right now is forming Shooting Star and Hanging Man reversal patterns.
22.03.2018
Japanese Candlesticks Analysis 22.03.2018 (EURUSD, USDJPY)
After rebounding from the support level in the H4 chart, EURUSD has reached another resistance level and formed Harami reversal pattern there.
21.03.2018
Japanese Candlesticks Analysis 21.03.2018 (USDCAD, AUDUSD)
As we can see in the H4 chart, after breaking the support level, AUDUSD has stopped and formed several Doji, Hammer, and Engulfing reversal patterns.
20.03.2018
Japanese Candlesticks Analysis 20.03.2018 (GOLD, NZDUSD)
As we can see in the H4 chart, XAUUSD continues trading at the support level and forming Hammer reversal patterns.
19.03.2018
Japanese Candlesticks Analysis 19.03.2018 (EURUSD, USDJPY)
After being corrected from the resistance level in the H4 chart, EURUSD has reached the support level and formed several Hammer and Harami reversal patterns there.