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.

22.07.2019

Japanese Candlesticks Analysis 22.07.2019 (EURUSD, USDJPY)

EURUSD is testing the horizontal support level again. USDJPY is forming another correction after a bounce off the resistance line inside the descending channel.
19.07.2019

Japanese Candlesticks Analysis 19.07.2019 (USDCAD, AUDUSD)

USDCAD keeps moving sideways around the support level inside the descending channel. AUDUSD goes on forming an ascending channel.
18.07.2019

Japanese Candlestick Analysis 18.07.2019 (GOLD, NZDUSD)

GOLD if forming a bounce off the resistance line inside the ascending channel. NZDUSD is testing the horizontal resistance level once again.
17.07.2019

Japanese Candlesticks Analysis 17.07.2019 (EURUSD, USDJPY)

EURUSD is testing the support once again. USDJPY is forming a correction after a bounce off the resistance line inside the descending channel.
16.07.2019

AUDUSD is testing the horizontal resistance level.

USDCAD keeps moving sideways near the support line inside the descending channel.
15.07.2019

Japanese Candlesticks Analysis 15.07.2019 (GOLD, NZDUSD)

NZDUSD returns to testing the horizontal resistance level. GOLD is bouncing off the support line in the ascending trend
12.07.2019

Japanese Candlesticks Analysis 12.07.2019 (EURUSD, USDJPY)

After testing the support level, EURUSD is back to the rising channel’s downside border, while USDJPY is rebounding from the resistance level within the downtrend.
11.07.2019

Japanese Candlesticks Analysis 11.07.2019 (USDCAD, AUDUSD)

USDCAD is still trading sideways close to the support line within the descending channel, while AUDUSD is again testing the upside border of the descending channel.