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.
27.02.2019
Japanese Candlesticks Analysis 27.02.2019 (USDCAD, AUDUSD)
As we can see in the H4 chart, USDCAD is still falling with slight pullbacks from time to time; right now, it is testing the support level and forming Engulfing, Doji, and Inverted Hammer reversal patterns.
26.02.2019
Japanese Candlesticks Analysis 26.02.2019 (GOLD, NZDUSD)
As we can see in the H4 chart, XAUUSD has once again broken the resistance level and formed another pullback with Shooting Star, Doji, and Hanging Man reversal patterns.
25.02.2019
Japanese Candlesticks Analysis 25.02.2019 (EURUSD, USDJPY)
As we can see in the H4 chart, USDJPY is still testing the resistance level and forming Hanging Man, Harami, Engulfing, and Shooting Star reversal patterns.
22.02.2019
Japanese Candlesticks Analysis 22.02.2019 (USDCAD, AUDUSD)
As we can see in the H4 chart, USDCAD is still falling with slight pullbacks from time to time.
21.02.2019
Japanese Candlesticks Analysis 21.02.2019 (GOLD, NZDUSD)
As we can see in the H4 chart, NZDUSD is still trading close to the resistance level and forming Hanging Man, Doji, and Harami reversal patterns.
20.02.2019
Japanese Candlesticks Analysis 20.02.2019 (EURUSD, USDJPY)
As we can see in the H4 chart, after completing another pullback from the support level, EURUSD is forming Hammer, Inverted Hammer, and Harami reversal patterns.
19.02.2019
Japanese Candlesticks Analysis 19.02.2019 (USDCAD, AUDUSD)
As we can see in the H4 chart, USDCAD is still trading close to the resistance level and forming Harami and Doji reversal patterns.
18.02.2019
Japanese Candlesticks Analysis 18.02.2019 (GOLD, NZDUSD)
As we can see in the H4 chart, XAUUSD has once again reached the resistance level and formed several Shooting Star and Hanging Man reversal patterns.