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.

08.02.2023

Japanese Candlesticks Analysis 08.02.2023 (USDCAD, AUDUSD, USDCHF)

USDCAD is forming a descending wave; AUDUSD continues the uptrend, USDCHF goes on declining.
07.02.2023

Japanese Candlesticks Analysis 07.02.2023 (XAUUSD, NZDUSD и GBPUSD)

GOLD is testing the support level; NZDUSD is forming a wave of growth, GBPUSD is preparing to continue an uptrend.
06.02.2023

Japanese Candlesticks Analysis 06.02.2023 (EURUSD, USDJPY, EURGBP)

EURUSD is testing the support level; USDJPY is getting ready for a correction, EURGBP is developing a correctional wave.
03.02.2023

Japanese Candlesticks Analysis 03.02.2023 (USDCAD, AUDUSD, USDCHF)

USDCAD is forming a correction; AUDUSD is testing the support level, USDCHF is continuing correction.
02.02.2023

Japanese Candlesticks Analysis 02.02.2023 (XAUUSD, NZDUSD, GBPUSD)

GOLD is testing the resistance level; NZDUSD is forming a correctional wave, GBPUSD is getting ready for a correction.
01.02.2023

Japanese Candlesticks Analysis 01.02.2023 (EURUSD, USDJPY, EURGBP)

EURUSD is getting ready to grow; USDJPY continues a flat, EURGBP is developing a wave of growth.
31.01.2023

Japanese Candlesticks Analysis 31.01.2023 (USDCAD, AUDUSD, USDCHF)

USDCAD is forming a correction; AUDUSD continues a wave of decline, USDCHF is developing a correction.
30.01.2023

Japanese Candlesticks Analysis 30.01.2023 (XAUUSD, NZDUSD, GBPUSD)

GOLD continues the uptrend; NZDUSD is developing a correctional wave, GBPUSD is getting ready to grow.