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.

13.12.2019

Japanese Candlesticks Analysis 13.12.2019 (USDCAD, AUDUSD)

USDCAD continues forming another descending wave, while AUDUSD is testing the rising channel’s downside border.
12.12.2019

Japanese Candlesticks Analysis 12.12.2019 (GOLD, NZDUSD)

GOLD has rebounded from the rising channel’s downside border, while NZDUSD is still moving close to the rising channel’s upside border.
11.12.2019

Japanese Candlesticks Analysis 11.12.2019 (EURUSD, USDJPY)

EURUSD continues moving near the resistance level, while USDJPY is still testing the ascending channel’s downside border.
10.12.2019

Japanese Candlesticks Analysis 10.12.2019 (USDCAD, AUDUSD)

USDCAD is forming another descending wave, while AUDUSD is correcting after rebounding from the rising channel’s downside border.
09.12.2019

Japanese Candlesticks Analysis 09.12.2019 (GOLD, NZDUSD)

GOLD is testing the rising channel’s downside border again, while NZDUSD is rebounding from the rising channel’s upside border.
06.12.2019

Japanese Candlesticks Analysis 06.12.2019 (EURUSD, USDJPY)

EURUSD continues moving near the horizontal resistance level, while USDJPY is testing the ascending channel’s downside border again.
05.12.2019

Japanese Candlesticks Analysis 05.12.2019 (USDCAD, AUDUSD)

USDCAD has broken the support level of the rising channel; AUDUSD has rebounded from the rising channel’s downside border.
04.12.2019

Japanese Candlesticks Analysis 04.12.2019 (GOLD, NZDUSD)

GOLD has rebounded from the rising channel’s downside border, while NZDUSD is rebounding from the rising channel’s upside border.