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.
EURUSD is testing the horizontal support level again. USDJPY is forming another correction after a bounce off the resistance line inside the descending channel.
USDCAD keeps moving sideways around the support level inside the descending channel. AUDUSD goes on forming an ascending channel.
GOLD if forming a bounce off the resistance line inside the ascending channel. NZDUSD is testing the horizontal resistance level once again.
EURUSD is testing the support once again. USDJPY is forming a correction after a bounce off the resistance line inside the descending channel.
USDCAD keeps moving sideways near the support line inside the descending channel.
NZDUSD returns to testing the horizontal resistance level. GOLD is bouncing off the support line in the ascending trend
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.
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.