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.


Japanese Candlesticks Analysis 24.06.2022 (USDCAD, AUDUSD, USDCHF)

USDCAD continues rebounding from the support level; AUDUSD is heading towards the resistance area, while USDCHF is testing the support area.

Japanese Candlesticks Analysis 23.06.2022 (XAUUSD, NZDUSD, GBPUSD)

XAUUSD is correcting again; NZDUSD is rebounding from the support area, while GBPUSD continues trading upwards.

Japanese Candlesticks Analysis 22.06.2022 (EURUSD, USDJPY, EURGBP)

EURUSD continues trading downwards, while USDJPY and EURGBP are both correcting.

Japanese Candlesticks Analysis 21.06.2022 (USDCAD, AUDUSD, USDCHF)

USDCAD continues rebounding from the resistance level; AUDUSD is heading towards the resistance area, while USDCHF is forming another rising impulse.

Japanese Candlesticks Analysis 20.06.2022 (GOLD, NZDUSD, GBPUSD)

GOLD is forming a correctional impulse; NZDUSD continues a bounce off the support level, GBPUSD is developing another growing wave.

Japanese Candlesticks Analysis 17.06.2022 (EURUSD, USDJPY, EURGBP)

EURUSD is forming a declining wave; USDJPY continues an ascending impulse, EURGBP is developing impulse of growth.

Japanese Candlesticks Analysis 16.06.2022 (USDCAD, AUDUSD, USDCHF)

USDCAD is testing the support level; AUDUSD is forming a bounce off the resistance level, USDCHF is forming an ascending impulse.

Japanese Candlesticks Analysis 15.06.2022 (XAUUSD, NZDUSD, GBPUSD)

XAUUSD is developing a correctional impulse; NZDUSD is testing the support level, GBPUSD is forming a wave of growth.