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.

26.09.2022

Japanese Candlesticks Analysis 26.09.2022 (XAUUSD, NZDUSD, GBPUSD)

XAUUSD is testing the support area; NZDUSD is forming a wave to the upside, while GBPUSD is about to correct within the bearish tendency.
23.09.2022

Japanese Candlesticks Analysis 23.09.2022 (EURUSD, USDJPY, EURGBP)

EURUSD is trading downwards; USDJPY continues the correction, while EURGBP is testing the support area.
22.09.2022

Japanese Candlesticks Analysis 22.09.2022 (USDCAD, AUDUSD, USDCHF)

USDCAD is testing another resistance level; AUDUSD is about to start a new decline, while USDCHF continues trading within the uptrend.
21.09.2022

Japanese Candlesticks Analysis 21.09.2022 (XAUUSD, NZDUSD, GBPUSD)

XAUUSD is rebounding from the support area; NZDUSD is testing another support level, while GBPUSD is about to resume growing.
20.09.2022

Japanese Candlesticks Analysis 20.09.2022 (EURUSD, USDJPY, EURGBP)

EURUSD is trading downwards; USDJPY is moving sideways, while EURGBP is testing the resistance area.
19.09.2022

Japanese Candlesticks Analysis 19.09.2022 (USDCAD, AUDUSD, USDCHF)

USDCAD is testing the resistance level; AUDUSD is rebounding from the support area, while USDCHF continues trading within the uptrend.
16.09.2022

Japanese Candlesticks Analysis 16.09.2022 (XAUUSD, NZDUSD, GBPUSD)

XAUUSD is testing the support level; NZDUSD is forming a wave of growth, GBPUSD is getting ready for an ascending impulse.
15.09.2022

Japanese Candlesticks Analysis 15.09.2022 (EURUSD, USDJPY, EURGBP)

EURUSD is forming a declining wave; USDJPY continues an impulse of growth, EURGBP is testing the support level.