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.
13.05.2021
Japanese Candlesticks Analysis 13.05.2021 (USDCAD, AUDUSD, USDCHF)
USDCAD continues testing the support area; AUDUSD is rebounding from the channel’s downside border, while USDCHF is about to complete the pullback within the descending tendency.
12.05.2021
Japanese Candlesticks Analysis 12.05.2021 (XAUUSD, NZDUSD, GBPUSD)
GOLD is forming one more correctional impulse; NZDUSD is falling towards the channel’s downside border, while GBPUSD continues testing the resistance area.
11.05.2021
Japanese Candlesticks Analysis 11.05.2021 (EURUSD, USDJPY, EURGBP)
EURUSD is testing another resistance area; USDJPY continues moving within the uptrend, while EURGBP is trading sideways within the descending tendency.
10.05.2021
Japanese Candlesticks Analysis 10.05.2021 (USDCAD, AUDUSD, USDCHF)
USDCAD continues falling; AUDUSD is testing the resistance area, while USDCHF is forming a pullback within the descending tendency.
07.05.2021
Japanese Candlesticks Analysis 07.05.2021 (XAUUSD, NZDUSD, GBPUSD)
GOLD is forming another correctional wave; NZDUSD is testing the resistance level, while GBPUSD continues trading sideways.
06.05.2021
Japanese Candlesticks Analysis 06.05.2021 (EURUSD, USDJPY, EURGBP)
EURUSD is testing another support area; USDJPY continues moving within the uptrend, while EURGBP is trading sideways within the descending tendency.
05.05.2021
Japanese Candlesticks Analysis 05.05.2021 (USDCAD, AUDUSD, USDCHF)
USDCAD is forming a pullback within the descending tendency; AUDUSD continues rebounding from the support area, while USDCHF is reversing.
04.05.2021
Japanese Candlesticks Analysis 04.05.2021 (XAUUSD, NZDUSD, GBPUSD)
XAUUSD is forming another correction; NZDUSD is still reversing, while GBPUSD continues rebounding from the support area.