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.

26.01.2022

Japanese Candlesticks Analysis 26.01.2022 (EURUSD, USDJPY, EURGBP)

EURUSD continues rebounding from the support level; USDJPY is forming another impulse to the upside, while EURGBP is testing the support level.
25.01.2022

Japanese Candlesticks Analysis 25.01.2022 (USDCAD, AUDUSD, USDCHF)

USDCAD is testing the channel’s upside border; both AUDUSD and USDCHF continue trading upwards.
24.01.2022

Japanese Candlesticks Analysis 24.01.2022 (XAUUSD, NZDUSD, GBPUSD)

GOLD continues forming another rising wave; NZDUSD is rebounding from the support area, while GBPUSD is testing the support level.
21.01.2022

Japanese Candlesticks Analysis 21.01.2022 (EURUSD, USDJPY, EURGBP)

EURUSD is rebounding from the support level; USDJPY is forming an impulse to the upside, while EURGBP continues trading sideways.
20.01.2022

Japanese Candlesticks Analysis 20.01.2022 (USDCAD, AUDUSD, USDCHF)

AUDUSD is forming another rising wave, while both USDCAD and USDCHF continue trading sideways.
19.01.2022

Japanese Candlesticks Analysis 19.01.2022 (XAUUSD, NZDUSD, GBPUSD)

GOLD continues forming another rising wave; NZDUSD is rebounding from the support area, while GBPUSD is testing the support level.
18.01.2022

Japanese Candlesticks Analysis 18.01.2022 (EURUSD, USDJPY, EURGBP)

EURUSD is forming a new pullback after rebounding from the resistance level; USDJPY is forming an impulse to the upside, while EURGBP continues trading sideways.
17.01.2022

Japanese Candlesticks Analysis 17.01.2022 (USDCAD, AUDUSD, USDCHF)

USDCAD is forming the correctional impulse, while both AUDUSD and USDCHF continue trading upwards.