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.

13.04.2021

Japanese Candlesticks Analysis 13.04.2021 (GOLD, NZDUSD, GBPUSD)

GOLD is re-testing the resistance area; NZDUSD continues trading sideways, while GBPUSD is forming another correctional wave.
12.04.2021

Japanese Candlesticks Analysis 12.04.2021 (EURUSD, USDJPY, EURGBP)

EURUSD is still rebounding from the resistance area; USDJPY is finishing the correction within the ascending tendency, while EURGBP is testing another resistance level.
09.04.2021

Japanese Candlestick Analysis 09.04.2021 (USDCAD, AUDUSD, USDCHF)

USDCAD is correcting to the upper border of the channel; AUDUSD keeps bouncing off the upper border of the channel, USDCHF is forming a bounce off the support level.
08.04.2021

Japanese Candlesticks Analysis 08.04.2021 (GOLD, NZDUSD, GBPUSD)

GOLD is testing the resistance level; NZDUSD keeps on along the channel border, GBPUSD is forming a correction inside a decline.
07.04.2021

Japanese Candlestick Analysis 07.04.2021 (EURUSD, USDJPY, EURGBP)

EURUSD is forming a bounce off the resistance level; USDJPY keeps correcting in an uptrend, EURGBP is forming another wave of growth.
06.04.2021

Japanese Candlestick Analysis 06.04.2021 (USDCAD, AUDUSD, USDCHF)

USDCAD is forming a bounce off the upper border of the channel; AUDUSD is heading for the upper border of the channel, USDCHF is forming a bounce off the support level.
05.04.2021

Japanese Candlesticks Analysis 05.04.2021 (GOLD, NZDUSD, GBPUSD)

GOLD is testing the upper border of the channel; NZDUSD rests in a flat, GBPUSD is forming a bounce off the resistance level.
02.04.2021

Japanese Candlesticks Analysis 02.04.2021 (EURUSD, USDJPY, EURGBP)

EURUSD is rebounding from the support area; USDJPY continues the correction within the ascending tendency, while EURGBP is forming one more correctional wave.