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.

12.12.2018

Japanese Candlesticks Analysis 12.12.2018 (EURUSD, USDJPY)

As we can see in the H4 chart, EURUSD is still testing the resistance level and forming Inverted Hammer, Engulfing, and Doji reversal patterns.
11.12.2018

Japanese Candlesticks Analysis 11.12.2018 (USDCAD, AUDUSD)

As we can see in the H4 chart, USDCAD has once again reached the resistance level and formed several Shooting Star, Hanging Man, and Long-Legged Doji reversal pattern.
10.12.2018

Japanese Candlesticks Analysis 10.12.2018 (GOLD, NZDUSD)

As we can see in the H4 chart, XAUUSD has updated the closest highs again and formed Hanging Man and Doji reversal patterns.
07.12.2018

Japanese Candlesticks Analysis 07.12.2018 (EURUSD, USDJPY)

As we can see in the H4 chart, EURUSD is still testing the resistance level and forming Hammer, Doji, and Harami reversal patterns.
06.12.2018

Japanese Candlesticks Analysis 06.12.2018 (USDCAD, AUDUSD)

As we can see in the H4 chart, USDCAD has broken the resistance level and formed several Shooting Star and Engulfing reversal pattern.
05.12.2018

Japanese Candlesticks Analysis 05.12.2018 (GOLD, NZDUSD)

As we can see in the H4 chart, NZDUSD has broken the resistance level and formed Engulfing, Shooting Star, and Doji reversal patterns.
04.12.2018

Japanese Candlesticks Analysis 04.12.2018 (EURUSD, USDJPY)

As we can see in the H4 chart, USDJPY has rebounded from the resistance level once again and formed Doji and Hanging Man reversal patterns.
03.12.2018

Japanese Candlesticks Analysis 03.12.2018 (USDCAD, AUDUSD)

As we can see in the H4 chart, the market has opened with a gap; USDCAD has rebounded from the resistance level and formed Long-Legged Doji pattern.
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