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.
21.02.2024
EURUSD is testing the resistance line; USDJPY is preparing for growth, EURGBP is forming a correction.
20.02.2024
USDCAD is forming an ascending wave; AUDUSD is concluding a correction, USDCHF extends an uptrend.
19.02.2024
GOLD continues correcting; NZDUSD is forming a corrective wave, GBPUSD is developing a correction.
16.02.2024
EURUSD is forming a decline wave; USDJPY is developing an uptrend, EURGBP extends a correction.
15.02.2024
USDCAD is forming a correction wave; AUDUSD is completing a correction, USDCHF is testing the resistance level.
14.02.2024
GOLD is testing the support level; NZDUSD is forming a growth wave, GBPUSD is developing a correction.
13.02.2024
EURUSD is forming a corrective wave; USDJPY is developing an uptrend, EURGBP continues correcting.
12.02.2024
USDCAD is forming a growth wave; AUDUSD extends a corrective wave, USDCHF is testing the resistance level.