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.
16.03.2018
Japanese Candlesticks Analysis 16.03.2018 (USDCAD, AUDUSD)
As we can see in the H4 chart, USDCAD has broken the resistance level, reached new highs, and formed several Harami and Shooting Star patterns.
15.03.2018
Japanese Candlesticks Analysis 15.03.2018 (GOLD, NZDUSD)
As we can see in the H4 chart, XAUUSD continues trading at the support level and forming Hammer, Engulfing, and Inverted Hammer reversal patterns.
14.03.2018
Japanese Candlesticks Analysis 14.03.2018 (EURUSD, USDJPY)
After being corrected from the resistance level in the H4 chart, EURUSD has formed several Hammer and Doji reversal patterns and then returned to the level.
13.03.2018
Japanese Candlesticks Analysis 13.03.2018 (USDCAD, AUDUSD)
As we can see in the H4 chart, USDCAD has reached the support level and formed several Doji and Hammer reversal patterns there.
12.03.2018
Japanese Candlesticks Analysis 12.03.2018 (GOLD, NZDUSD)
As we can see in the H4 chart, after reaching the support level, XAUUSD has formed several Hammer and Doji reversal patterns.
09.03.2018
Japanese Candlesticks Analysis 09.03.2018 (EURUSD, USDJPY)
As we can see in the H4 chart, EURUSD has formed several Harami and Engulfing reversal patterns at the resistance level.
08.03.2018
Japanese Candlesticks Analysis 08.03.2018 (USDCAD, AUDUSD)
As we can see in the H4 chart, USDCAD has reached the resistance level and formed several Engulfing and Shooting Star reversal patterns there.
07.03.2018
Japanese Candlesticks Analysis 07.03.2018 (GOLD, NZDUSD)
As we can see in the H4 chart, after rebounding the support level, XAUUSD is being corrected once again and has already formed several Shooting Star and Doji reversal patterns.