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.
19.09.2018
Japanese Candlestick Analysis for EURUSD and USDJPY: 19.09.2018
On H4, the pair is rising and has reach yet another resistance where it is forming reversal patterns.
18.09.2018
Japanese Candlestick Analysis for USDCAD and AUDUSD: 18.09.2018
On H4, the USDCAD has corrected to reach the support, where it continues forming reversal patterns.
17.09.2018
Japanese Candlestick Analysis for GOLD and NZDUSD: Sep 17, 2018
On H4, gold is trading near the resistance and is forming reversal patters.
14.09.2018
Japanese Candlesticks Analysis 14.09.2018 (EURUSD, USDJPY)
As we can see in the H4 chart, EURUSD continues growing; it has reached the resistance level again and right now is forming Doji and Harami reversal patterns there.
13.09.2018
Japanese Candlesticks Analysis 13.09.2018 (USDCAD, AUDUSD)
As we can see in the H4 chart, USDCAD has finished another correction towards the support level and formed several Engulfing and Hammer reversal patterns there.
12.09.2018
Japanese Candlesticks Analysis 12.09.2018 (GOLD, NZDUSD)
As we can see in the H4 chart, XAUUSD is still trading below the resistance level and forming Hammer, Engulfing, and Doji reversal patterns.
11.09.2018
Japanese Candlesticks Analysis 11.09.2018 (EURUSD, USDJPY)
As we can see in the H4 chart, EURUSD continues growing and forming Hammer, Harami, and Doji reversal patterns during slight pullbacks.
10.09.2018
Japanese Candlesticks Analysis 10.09.2018 (USDCAD, AUDUSD)
As we can see in the H4 chart, AUDUSD is still trading close to the support level and forming Doji, Hammer, and Inverted Hammer reversal patterns there.