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.

17.09.2021

Japanese Candlesticks Analysis 17.09.2021 (USDCAD, AUDUSD, USDCHF)

USDCAD is forming the descending impulse; AUDUSD is testing another support level, while USDCHF is forming one more correctional wave.
16.09.2021

Japanese Candlesticks Analysis 16.09.2021 (XAUUSD, NZDUSD, GBPUSD)

GOLD is still testing the support level; NZDUSD is about to start another rising impulse, while GBPUSD is forming a correctional wave within the uptrend.
15.09.2021

Japanese Candlesticks Analysis 15.09.2021 (EURUSD, USDJPY, EURGBP)

EURUSD continues forming another rising wave; USDJPY is still testing the support area, while EURGBP is testing the resistance level.
14.09.2021

Japanese Candlesticks Analysis 14.09.2021 (USDCAD, AUDUSD, USDCHF)

USDCAD is forming the rising impulse; AUDUSD is testing the support level, while USDCHF is forming another correctional wave.
13.09.2021

Japanese Candlesticks Analysis 13.09.2021 (XAUUSD, NZDUSD, GBPUSD)

GOLD is still testing the support level; NZDUSD is about to start another rising impulse, while GBPUSD is forming a correctional wave.
10.09.2021

Japanese Candlesticks Analysis 10.09.2021 (EURUSD, USDJPY, EURGBP)

EURUSD continues the rising wave; USDJPY is still rebounding from the support area, while EURGBP is testing the support level.
09.09.2021

Japanese Candlesticks Analysis 09.09.2021 (USDCAD, AUDUSD, USDCHF)

USDCAD continues forming the rising impulse; AUDUSD is testing the support level, while USDCHF is forming another correctional wave.
08.09.2021

Japanese Candlesticks Analysis 08.09.2021 (XAUUSD, NZDUSD, GBPUSD)

GOLD is testing the support level; NZDUSD is about to start a new rising impulse, while GBPUSD is forming a correctional wave.