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.
USDCAD is testing another support level, while AUDUSD is testing the upside border of the descending channel.
GOLD is rebounding from the support level of the rising channel, while NZDUSD is testing the horizontal support line.
EURUSD continues forming the rising channel, while USDJPY is still trading sideways and forming reversal patterns.
USDCAD is testing another resistance level, while AUDUSD is testing the horizontal support level.
GOLD has rebounded from the support level, while NZDUSD is testing the support line while trading upwards.
EURUSD is testing the rising channel’s downside border, while USDJPY is trading sideways and forming several reversal patterns.
USDCAD has completed the pullback towards the support level and may rebound from it, while AUDUSD is testing the ascending channel’s downside border.
After breaking the ascending channel, GOLD is testing another support level, while NZDUSD has rebounded from the resistance line.