Japanese Candlesticks Analysis

Japanese candlesticks analysis is one of the classic tools for analyzing the currency market. It is believed that Japanese candlestick charts are much more informative and clearer than linear ones. That is why they are preferred by most modern investors. 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.

Japanese candlesticks, unlike any other technical indicators, allow traders to analyze the behavior of the price itself, rather than the results of mathematical calculations. Below are the daily Japanese candlestick forecasts from RoboForex experts.

05.03.2024

Japanese Candlesticks Analysis 05.03.2024 (USDCAD, AUDUSD, USDCHF)

USDCAD is forming a corrective wave; AUDUSD is testing the support level, USDCHF maintains upward momentum.
04.03.2024

Japanese Candlesticks Analysis 04.03.2024 (XAUUSD, NZDUSD, GBPUSD)

GOLD is forming a correction; NZDUSD is developing a growth wave, GBPUSD is forming a descending wave.
01.03.2024

Japanese Candlesticks Analysis 01.03.2024 (EURUSD, USDJPY, EURGBP)

EURUSD is testing the support line; USDJPY continues developing an uptrend, EURGBP is forming a growth wave.
29.02.2024

Japanese Candlesticks Analysis 29.02.2024 (USDCAD, AUDUSD, USDCHF)

USDCAD is forming a correction wave; AUDUSD is developing a growth wave, USDCHF extends a flat trend.
28.02.2024

Japanese Candlesticks Analysis 28.02.2024 (XAUUSD, NZDUSD, GBPUSD)

GOLD completes a correction; NZDUSD is testing the support level, GBPUSD is forming a descending wave.
27.02.2024

Japanese Candlesticks Analysis 27.02.2024 (EURUSD, USDJPY, EURGBP)

EURUSD is testing the resistance line; USDJPY is poised to maintain its upward trajectory, EURGBP is forming a growth wave.
26.02.2024

Japanese Candlesticks Analysis 26.02.2024 (USDCAD, AUDUSD, USDCHF)

USDCAD is forming an uptrend; AUDUSD is testing the support line, USDCHF extends a sideways trend.
22.02.2024

Japanese Candlesticks Analysis 22.02.2024 (XAUUSD, NZDUSD, GBPUSD)

GOLD continues correcting; NZDUSD is forming an ascending wave, GBPUSD is developing a correction.