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.

27.01.2023

Japanese Candlesticks Analysis 27.01.2023 (EURUSD, USDJPY, EURGBP)

EURUSD is preparing to grow; USDJPY is testing the resistance level, EURGBP is getting ready to grow.
26.01.2023

Japanese Candlesticks Analysis 26.01.2023 (USDCAD, AUDUSD, USDCHF)

USDCAD is winding up a correction; AUDUSD is continuing a wave of growth, USDCHF is testing the support level.
25.01.2023

Japanese Candlesticks Analysis 25.01.2023 (XAUUSD, NZDUSD, GBPUSD)

GOLD continues correction; NZDUSD is developing a wave of growth, GBPUSD continues a pullback.
24.01.2023

Japanese Candlesticks Analysis 24.01.2023 (EURUSD, USDJPY, EURGBP)

EURUSD is developing a wave of growth; USDJPY continues correcting, EURGBP is preparing to grow.
23.01.2023

Japanese Candlesticks Analysis 23.01.2023 (USDCAD, AUDUSD, USDCHF)

USDCAD is forming a correction; AUDUSD is forming a wave of decline, USDCHF is testing the support level.
20.01.2023

Japanese Candlesticks Analysis 20.01.2023 (XAUUSD, NZDUSD, GBPUSD)

GOLD is forming a correction; NZDUSD is developing a wave of growth, GBPUSD continues its pullback.
19.01.2023

Japanese Candlesticks Analysis 19.01.2023 (EURUSD, USDJPY, EURGBP)

EURUSD is testing the support level; USDJPY is developing a wave of decline, EURGBP is getting ready to grow.
18.01.2023

Japanese Candlesticks Analysis 18.01.2023 (USDCAD, AUDUSD, USDCHF)

USDCAD continues correcting; AUDUSD is forming a wave of growth, USDCHF is testing the support level.