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.
31.03.2020
Japanese Candlesticks Analysis 31.03.2020 (EURUSD, USDJPY, EURGBP)
EURUSD is testing the channel’s downside border; USDJPY is still testing the support level, while EURGBP is forming a pullback from the support level.
30.03.2020
Japanese Candlesticks Analysis 30.03.2020 (USDCAD, AUDUSD, USDCHF)
USDCAD continues the descending tendency; AUDUSD is correcting from the resistance level, while USDCHF is correcting within the downtrend.
27.03.2020
Japanese Candlesticks Analysis 27.03.2020 (GOLD, NZDUSD, GBPUSD)
GOLD continues the rising tendency; NZDUSD is testing anther resistance level, while GBPUSD continues growing from the support level.
26.03.2020
Japanese Candlesticks Analysis 26.03.2020 (EURUSD, USDJPY, EURGBP)
EURUSD continues the correction form the support level; USDJPY is still testing the resistance level, while EURGBP is rebounding from the support level.
25.03.2020
Japanese Candlesticks Analysis 25.03.2020 (USDCAD, AUDUSD, USDCHF)
USDCAD is still correcting within the rising tendency; AUDUSD continues the correction from the support level, while USDCHF is still trading upwards.
24.03.2020
Japanese Candlesticks Analysis 24.03.2020 (GOLD, NZDUSD, GBPUSD)
GOLD continues rebounding from the support level; NZDUSD is still reversing from the support level, while GBPUSD continues moving sideways те far from the support level.
23.03.2020
Japanese Candlesticks Analysis 23.03.2020 (EURUSD, USDJPY, EURGBP)
EURUSD is testing the horizontal support level; USDJPY is testing another resistance level, while EURGBP is forming another correction from the resistance level.
20.03.2020
Japanese Candlesticks Analysis 20.03.2020 (USDCAD, AUDUSD, USDCHF)
After updating its highs, USDCAD is correcting; AUDUSD continues the correction from the support level, while USDCHF is forming a new ascending channel.