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.
29.03.2024
GOLD extends a growth wave; NZDUSD is testing the support line, GBPUSD is forming a growth wave.
28.03.2024
EURUSD is testing the support line; USDJPY continues correcting, EURGBP is developing a correction wave.
27.03.2024
USDCAD continues its upward momentum; AUDUSD is completing a correction, USDCHF is testing the resistance level.
26.03.2024
GOLD is forming a growth wave; NZDUSD is developing a correction, GBPUSD extends a growth wave.
25.03.2024
EURUSD is testing the support line; USDJPY is forming a correction, EURGBP is developing a correction wave.
22.03.2024
USDCAD is maintaining its upward trajectory; AUDUSD is forming a correction, USDCHF is testing the resistance level.
21.03.2024
GOLD continues its upward momentum; NZDUSD is developing an ascending wave, GBPUSD is testing the resistance level.
20.03.2024
EURUSD is poised for growth; USDJPY continues its upward momentum, EURGBP is forming a growth wave.