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.

28.11.2018

Japanese Candlesticks Analysis 28.11.2018 (USDCAD, AUDUSD)

As we can see in the H4 chart, USDCAD is testing the resistance level and forming Harami, Doji, and Inverted Hammer reversal patterns.
27.11.2018

Japanese Candlesticks Analysis 27.11.2018 (GOLD, NZDUSD)

As we can see in the H4 chart, XAUUSD has completed another growth; right now, it is still testing the resistance level and forming Hanging Man and Shooting Star reversal patterns.
26.11.2018

Japanese Candlesticks Analysis 26.11.2018 (EURUSD, USDJPY)

As we can see in the H4 chart, EURUSD is forming another pullback from the resistance level and forming Hammer, Engulfing, and Inverted Hammer reversal patterns.
23.11.2018

Japanese Candlesticks Analysis 23.11.2018 (USDCAD, AUDUSD)

As we can see in the H4 chart, USDCAD is still being corrected below the resistance level and forming Harami, Hammer, and Inverted Hammer reversal patterns.
22.11.2018

Japanese Candlesticks Analysis 22.11.2018 (GOLD, NZDUSD)

As we can see in the H4 chart, NZDUSD is still testing the resistance level and forming Harami, Shooting Star, and Doji reversal patterns.
21.11.2018

Japanese Candlesticks Analysis 21.11.2018 (EURUSD, USDJPY)

As we can see in the H4 chart, EURUSD has completed the pullback from the resistance level and formed several Hammer and Doji reversal patterns.
20.11.2018

Japanese Candlesticks Analysis 20.11.2018 (USDCAD, AUDUSD)

As we can see in the H4 chart, USDCAD is still being corrected below the resistance level and forming Harami, Hanging Man, and Doji reversal patterns.
19.11.2018

Japanese Candlesticks Analysis 19.11.2018 (GOLD, NZDUSD)

As we can see in the H4 chart, XAUUSD has completed another growth and formed several Hanging Man and Shooting Star reversal patterns.