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.

06.06.2023

Japanese Candlesticks Analysis 06.06.2023 (USDCAD, AUDUSD, USDCHF)

USDCAD is forming a correctional wave; AUDUSD continues pulling back, USDCHF is testing the support level.
05.06.2023

Japanese Candlesticks Analysis 05.06.2023 (XAUUSD, NZDUSD, GBPUSD)

GOLD continues declining; NZDUSD is forming a correction, GBPUSD is continuing a wave of correction.
02.06.2023

Japanese Candlesticks Analysis 02.06.2023 (EURUSD, USDJPY, EURGBP)

EURUSD continues correcting; USDJPY is testing the support level, EURGBP is forming a wave of growth.
01.06.2023

Japanese Candlesticks Analysis 01.06.2023 (USDCAD, AUDUSD, USDCHF)

USDCAD is forming a wave of decline; AUDUSD continues a corrective wave, USDCHF is developing a correction.
31.05.2023

Japanese Candlesticks Analysis 31.05.2023 (XAUUSD, NZDUSD, GBPUSD)

GOLD is forming a correction; NZDUSD continues declining, GBPUSD is developing a wave of correction.
30.05.2023

Japanese Candlesticks Analysis 30.05.2023 (EURUSD, USDJPY, EURGBP)

EURUSD continues falling; USDJPY is forming a wave of growth, EURGBP is testing the support level.
29.05.2023

Japanese candlesticks Analysis 29.05.2023 (USDCAD, AUDUSD, USDCHF)

USDCAD is forming a descending wave; AUDUSD is continuing a correction, USDCHF is developing a wave of correction.
26.05.2023

Japanese Candlesticks Analysis 26.05.2023 (XAUUSD, NZDUSD, GBPUSD)

GOLD is forming a correction; NZDUSD is testing the support level, GBPUSD is developing a wave of correction.