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.
25.12.2019
Japanese Candlesticks Analysis 25.12.2019 (USDCAD, AUDUSD)
USDCAD continues testing the channel’s upside border, while AUDUSD is forming reversal patterns close to the rising channel’s upside border.
24.12.2019
Japanese Candlesticks Analysis 24.12.2019 (GOLD, NZDUSD)
GOLD continues moving towards the rising channel’s upside border, while NZDUSD is still trading close to the rising channel’s upside border.
23.12.2019
Japanese Candlesticks Analysis 23.12.2019 (EURUSD, USDJPY)
EURUSD continues moving near the resistance level, while USDJPY is still testing the ascending channel’s downside border.
13.12.2019
Japanese Candlesticks Analysis 13.12.2019 (USDCAD, AUDUSD)
USDCAD continues forming another descending wave, while AUDUSD is testing the rising channel’s downside border.
12.12.2019
Japanese Candlesticks Analysis 12.12.2019 (GOLD, NZDUSD)
GOLD has rebounded from the rising channel’s downside border, while NZDUSD is still moving close to the rising channel’s upside border.
11.12.2019
Japanese Candlesticks Analysis 11.12.2019 (EURUSD, USDJPY)
EURUSD continues moving near the resistance level, while USDJPY is still testing the ascending channel’s downside border.
10.12.2019
Japanese Candlesticks Analysis 10.12.2019 (USDCAD, AUDUSD)
USDCAD is forming another descending wave, while AUDUSD is correcting after rebounding from the rising channel’s downside border.
09.12.2019
Japanese Candlesticks Analysis 09.12.2019 (GOLD, NZDUSD)
GOLD is testing the rising channel’s downside border again, while NZDUSD is rebounding from the rising channel’s upside border.