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.

12.02.2024

Japanese Candlesticks Analysis 12.02.2024 (USDCAD, AUDUSD, USDCHF)

USDCAD is forming a growth wave; AUDUSD extends a corrective wave, USDCHF is testing the resistance level.
09.02.2024

Japanese Candlesticks Analysis 09.02.2024 (XAUUSD, NZDUSD, GBPUSD)

GOLD is developing an ascending wave; NZDUSD is testing the resistance line, GBPUSD is forming a correction wave.
08.02.2024

Japanese Candlesticks Analysis 08.02.2024 (EURUSD, USDJPY, EURGBP)

EURUSD is forming a corrective wave; USDJPY is developing an uptrend, EURGBP continues correcting.
07.02.2024

Japanese Candlesticks Analysis 07.02.2024 (USDCAD, AUDUSD, USDCHF)

USDCAD is completing correction; AUDUSD extends a corrective wave, USDCHF is testing the support level.
06.02.2024

Japanese Candlesticks Analysis 06.02.2024 (XAUUSD, NZDUSD, GBPUSD)

GOLD is developing an uptrend; NZDUSD is forming a corrective wave, GBPUSD is testing the support line.
05.02.2024

Japanese Candlesticks Analysis 05.02.2024 (EURUSD, USDJPY, EURGBP)

EURUSD is testing the support level; USDJPY is forming a corrective wave, EURGBP continues correcting.
02.02.2024

Japanese Candlesticks Analysis 02.02.2024 (USDCAD, AUDUSD, USDCHF)

USDCAD is forming a corrective wave; AUDUSD continues a corrective wave, USDCHF is testing the support level.
01.02.2024

Japanese Candlesticks Analysis 01.02.2024 (XAUUSD, NZDUSD, GBPUSD)

GOLD is developing an ascending wave; NZDUSD is preparing for a decline, GBPUSD is testing the support line.