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.

18.10.2019

Japanese Candlesticks Analysis 18.10.2019 (GOLD, NZDUSD)

GOLD continues growing after rebounding towards the rising channel’s downside border, while NZDUSD is still trading upwards inside the channel.
17.10.2019

Japanese Candlesticks Analysis 17.10.2019 (EURUSD, USDJPY)

EURUSD is trading close to the resistance level within the ascending tendency, while USDJPY is rebounding from the horizontal resistance level.
16.10.2019

Japanese Candlesticks Analysis 16.10.2019 (USDCAD, AUDUSD)

USDCAD continues forming the rising channel, while AUDUSD has completed the pullback towards the support level.
15.10.2019

Japanese Candlesticks Analysis 15.10.2019 (GOLD, NZDUSD)

GOLD has rebounded towards the rising channel’s downside border, while NZDUSD is still trading upwards.
14.10.2019

Japanese Candlesticks Analysis 14.10.2019 (EURUSD, USDJPY)

EURUSD is trading close to the resistance level within the descending tendency, while USDJPY is rebounding from the horizontal resistance level.
11.10.2019

Japanese Candlesticks Analysis 11.10.2019 (USDCAD, AUDUSD)

USDCAD is still correcting in the middle of the rising channel, while AUDUSD continues the ascending tendency.
10.10.2019

Japanese Candlesticks Analysis 10.10.2019 (GOLD, NZDUSD)

GOLD has returned to the rising channel’s downside border; NZDUSD is still trading close to the descending channel’s upside border.
09.10.2019

Japanese Candlesticks Analysis 09.10.2019 (EURUSD, USDJPY)

EURUSD is trading close to the resistance level within the descending tendency, while USDJPY is rebounding from the horizontal support level.