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.
01.11.2019
Japanese Candlesticks Analysis 01.11.2019 (USDCAD, AUDUSD)
USDCAD is still trading near the descending channel’s upside border, while AUDUSD is returning to the support level.
31.10.2019
Japanese Candlesticks Analysis 31.10.2019 (GOLD, NZDUSD)
GOLD is moving upwards within the rising channel, while NZDUSD continues forming the ascending tendency.
30.10.2019
Japanese Candlesticks Analysis 30.10.2019 (EURUSD, USDJPY)
EURUSD is trading close to the support level within the ascending tendency; in case of USDJPY, the ascending tendency continues.
29.10.2019
Japanese Candlesticks Analysis 29.10.2019 (USDCAD, AUDUSD)
USDCAD is still trading close to the horizontal support level, while AUDUSD is returning to the resistance level.
28.10.2019
Japanese Candlesticks Analysis 28.10.2019 (GOLD, NZDUSD)
GOLD is correcting in the middle of the rising channel, while NZDUSD is rebounding from the rising channel’s downside border.
25.10.2019
Japanese Candlesticks Analysis 25.10.2019 (EURUSD, USDJPY)
EURUSD is trading close to the support level within the ascending tendency, while USDJPY continues moving sideways after breaking the support level.
24.10.2019
Japanese Candlesticks Analysis 24.10.2019 (USDCAD, AUDUSD)
USDCAD is rebounding from the horizontal support level, while AUDUSD is correcting close to the resistance level.
23.10.2019
Japanese Candlesticks Analysis 23.10.2019 (GOLD, NZDUSD)
GOLD continues trading close to the rising channel’s downside border, while NZDUSD is rebounding from the rising channel’s upside border.