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.

06.12.2023

Japanese Candlesticks Analysis 06.12.2023 (USDCAD, AUDUSD, USDCHF)

USDCAD continues correcting; AUDUSD is forming a growth wave, USDCHF is developing a corrective wave.
05.12.2023

Japanese Candlesticks Analysis 05.12.2023 (XAUUSD, NZDUSD, GBPUSD)

GOLD is testing the support level; NZDUSD is closing a correction, GBPUSD is developing an uptrend.
04.12.2023

Japanese Candlesticks Analysis 04.12.2023 (EURUSD, USDJPY, EURGBP)

EURUSD is preparing for a correction; USDJPY is testing the support level, EURGBP is forming a corrective wave.
01.12.2023

Japanese Candlesticks Analysis 01.12.2023 (USDCAD, AUDUSD, USDCHF)

USDCAD is testing the support level; AUDUSD is forming a correction, USDCHF is developing a correction wave.
30.11.2023

Japanese Candlesticks Analysis 30.11.2023 (XAUUSD, NZDUSD, GBPUSD)

GOLD is testing the resistance level; NZDUSD is forming a correction, GBPUSD is developing an uptrend.
29.11.2023

Japanese Candlesticks Analysis 29.11.2023 (EURUSD, USDJPY, EURGBP)

EURUSD is poised to correct; USDJPY is forming a correction, EURGBP is testing the support level.
28.11.2023

Japanese Candlesticks Analysis 28.11.2023 (USDCAD, AUDUSD, USDCHF)

USDCAD is forming a correction; AUDUSD is testing the resistance level, USDCHF is forming a corrective wave.
27.11.2023

Japanese Candlesticks Analysis 27.11.2023 (XAUUSD, NZDUSD, GBPUSD)

GOLD is forming a wave of growth; NZDUSD is testing the resistance level, GBPUSD is developing an uptrend.