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.
02.09.2020
Japanese Candlesticks Analysis 02.09.2020 (USDCAD, AUDUSD, USDCHF)
USDCAD is forming another correction; AUDUSD has broken the upper border of the ascending channel and is forming a pullback, USDCHF keeps bouncing off the support level.
01.09.2020
Japanese Candlesticks Analysis 01.09.2020 (GOLD, NZDUSD, GBPUSD)
GOLD maintains an uptrend; NZDUSD is forming a correction of an uptrend, GBPUSD keeps developing an uptrend.
31.08.2020
Japanese Candlesticks Analysis 21.08.2020 (EURUSD, USDJPY, EURGBP)
EURUSD goes on with the ascending dynamics; USDJPY goes on with a bounce off the support level, EURGBP is forming a bounce off the support level.
28.08.2020
Japanese Candlesticks Analysis 28.08.2020 (USDCAD, AUDUSD, USDCHF)
USDCAD continues the descending tendency; AUDUSD is testing the rising channel’s upside border, while USDCHF is still rebounding from the resistance area.
27.08.2020
Japanese Candlesticks Analysis 27.08.2020 (GOLD, NZDUSD, GBPUSD)
GOLD continues trading sideways; NZDUSD is getting back inside the channel, while GBPUSD is still moving within the uptrend.
26.08.2020
Japanese Candlesticks Analysis 26.08.2020 (EURUSD, USDJPY, EURGBP)
EURUSD is still rebounding from the support area; USDJPY continues growing towards the resistance level, while EURGBP is rebounding from the support area.
25.08.2020
Japanese Candlesticks Analysis 25.08.2020 (USDCAD, AUDUSD, USDCHF)
USDCAD continues correcting within the descending tendency; AUDUSD is still trading upwards, while USDCHF continues testing the resistance area.
21.08.2020
Japanese Candlesticks Analysis 21.08.2020 (EURUSD, USDJPY, EURGBP)
EURUSD is once again testing the support area; USDJPY is correcting towards the support level, while EURGBP is rebounding from the support area.