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.
Both GOLD and GBPUSD are testing their respective support levels, while NZDUSD is correcting after finishing the descending structure.
EURUSD is still forming the descending channel; USDJPY is moving not far from the resistance area, while EURGBP continues trading upwards.
USDCAD is still moving upwards; AUDUSD is testing another support area, while USDCHF is forming a rising tendency.
GOLD continues the correction; NZDUSD is testing the support level, while GBPUSD is still moving downwards.
EURUSD is still forming the rising channel; USDJPY is testing another support area, while EURGBP continues trading upwards.
USDCAD is still testing the support level; AUDUSD continues the ascending tendency, while USDCHF is correcting within the downtrend.
GOLD continues the correction; NZDUSD is correcting within the ascending tendency, while GBPUSD is still correcting after completing a quick descending movement.
EURUSD is testing the rising channel’s downside border; USDJPY is testing the support area, while EURGBP is forming a new rising channel.