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.
25.04.2019
Japanese Candlesticks Analysis 25.04.2019 (GOLD, NZDUSD)
As we can see in the H4 chart, XAUUSD is still testing the support level and forming Hammer and Harami reversal patterns.
24.04.2019
Japanese Candlesticks Analysis 24.04.2019 (EURUSD, USDJPY)
As we can see in the H4 chart, EURUSD has completed a slight pullback at the support level and formed Hammer and Harami reversal patterns.
23.04.2019
Japanese Candlesticks Analysis 23.04.2019 (USDCAD, AUDUSD)
As we can see in the H4 chart, USDCAD is still trading close to the support level and forming Hammer and Engulfing reversal patterns.
22.04.2019
Japanese Candlesticks Analysis 22.04.2019 (GOLD, NZDUSD)
As we can see in the H4 chart, XAUUSD is testing another support level and forming Hammer, Doji, and Inverted Hammer reversal patterns.
19.04.2019
Japanese Candlesticks Analysis 19.04.2019 (EURUSD, USDJPY)
As we can see in the H4 chart, EURUSD has completed a slight pullback and formed Hammer, Doji, and Inverted Hammer reversal patterns.
18.04.2019
Japanese Candlesticks Analysis 18.04.2019 (USDCAD, AUDUSD)
As we can see in the H4 chart, after completing Shooting Star and Harami reversal patterns, AUDUSD has finished another correction from the resistance level.
17.04.2019
Japanese Candlesticks Analysis 17.04.2019 (GOLD, NZDUSD)
As we can see in the H4 chart, NZDUSD is still testing the support level and forming Hammer, Doji, and Inverted Hammer reversal patterns.
16.04.2019
Japanese Candlesticks Analysis 16.04.2019 (EURUSD, USDJPY)
As we can see in the H4 chart, EURUSD is still trading close to the support level and forming Hammer, Doji, and Inverted Hammer reversal patterns.