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.
22.02.2018
Japanese Candlesticks Analysis 2.02.2018 (GOLD, NZDUSD)
As we can see in the H4 chart, XAUUSD is still falling despite Hammer and Inverted Hammer reversal patterns.
21.02.2018
Japanese Candlesticks Analysis 21.02.2018 (EURUSD, USDJPY)
As we can see in the H4 chart, EURUSD has completed the correction and formed several Inverted Hammer and Doji reversal patterns.
20.02.2018
Japanese Candlesticks Analysis 20.02.2018 (USDCAD, AUDUSD)
As we can see in the H4 chart, USDCAD is getting closer to the resistance level again; it has formed Harami, Engulfing, and Doji reversal patterns.
19.02.2018
Japanese Candlesticks Analysis 19.02.2018 (GOLD, NZDUSD)
As we can see in the H4 chart, XAUUSD has formed several Shooting Star and Doji patterns at the resistance level and then rebounded from it.
16.02.2018
Japanese Candlesticks Analysis 16.02.2018 (EURUSD, USDJPY)
As we can see in the H4 chart, EURUSD continues growing and is forming Shooting Star and Engulfing patterns from time to time.
15.02.2018
Japanese Candlesticks Analysis 15.02.2018 (USDCAD, AUDUSD)
In the H4 chart, after finishing Engulfing pattern, USDCAD moved downwards and then stopped at the support level, where it formed Doji pattern.
14.02.2018
Japanese Candlesticks Analysis 14.02.2018 (GOLD, NZDUSD)
As we can see in the H4 chart, XAUUSD has formed several Hammer and Inverted Hammer patterns and rebounded from the support level.
13.02.2018
Japanese Candlesticks Analysis 13.02.2018 (EURUSD, USDJPY)
As we can see at the H4 chart, after finishing several Doji and Engulfing patterns, USDJPY has completed the correction and started falling.