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.
USDCAD is forming a correctional wave; AUDUSD continues pulling back, USDCHF is testing the support level.
GOLD continues declining; NZDUSD is forming a correction, GBPUSD is continuing a wave of correction.
EURUSD continues correcting; USDJPY is testing the support level, EURGBP is forming a wave of growth.
USDCAD is forming a wave of decline; AUDUSD continues a corrective wave, USDCHF is developing a correction.
GOLD is forming a correction; NZDUSD continues declining, GBPUSD is developing a wave of correction.
EURUSD continues falling; USDJPY is forming a wave of growth, EURGBP is testing the support level.
USDCAD is forming a descending wave; AUDUSD is continuing a correction, USDCHF is developing a wave of correction.
GOLD is forming a correction; NZDUSD is testing the support level, GBPUSD is developing a wave of correction.