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.
15.04.2019
Japanese Candlesticks Analysis 15.04.2019 (USDCAD, AUDUSD)
As we can see in the H4 chart, USDCAD is still testing the support level and forming Harami and Engulfing reversal patterns.
12.04.2019
Japanese Candlesticks Analysis 12.04.2019 (GOLD, NZDUSD)
As we can see in the H4 chart, XAUUSD has completed another correction near the support level and formed Hammer and Harami reversal patterns.
11.04.2019
Japanese Candlesticks Analysis 11.04.2019 (EURUSD, USDJPY)
As we can see in the H4 chart, EURUSD is still trading close to the support level and forming Hammer and Inverted Hammer reversal patterns.
10.04.2019
Japanese Candlesticks Analysis 10.04.2019 (USDCAD, AUDUSD)
As we can see in the H4 chart, USDCAD is still testing the support level and forming Hammer and Engulfing reversal patterns.
09.04.2019
Japanese Candlesticks Analysis 09.04.2019 (GOLD, NZDUSD)
As we can see in the H4 chart, XAUUSD is still trading close to the support level and forming Hammer, Inverted Hammer, Harami, and Doji reversal patterns.
08.04.2019
Japanese Candlesticks Analysis 08.04.2019 (EURUSD, USDJPY)
As we can see in the H4 chart, EURUSD is still trading close to the support level and forming Harami, Hammer, and Inverted Hammer reversal patterns.
05.04.2019
Japanese Candlesticks Analysis 05.04.2019 (USDCAD, AUDUSD)
As we can see in the H4 chart, USDCAD is testing the resistance level and forming Doji and Harami reversal patterns.
04.04.2019
Japanese Candlesticks Analysis 04.04.2019 (GOLD, NZDUSD)
As we can see in the H4 chart, XAUUSD has reached the support level; right now, it is trading close to it and forming reversal patterns.