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.
19.03.2024
USDCAD extends a growth wave; AUDUSD is developing a correction, NZDUSD is forming an uptrend.
18.03.2024
GOLD continues correcting; NZDUSD is developing a growth wave, GBPUSD is testing the support level.
15.03.2024
EURUSD is testing the support level; USDJPY is forming a correction, EURGBP is completing a correction wave.
14.03.2024
USDCAD is forming a growth wave; AUDUSD is developing a correction, USDCHF continues its upward momentum.
13.03.2024
GOLD is forming a correction; NZDUSD maintains its upward trajectory, GBPUSD continues its upward momentum.
12.03.2024
EURUSD continues rising; USDJPY is closing a correction, EURGBP is forming a growth wave.
11.03.2024
USDCAD is forming an ascending wave; AUDUSD is developing a correction, USDCHF extends an ascending wave.
07.03.2024
GOLD is forming a correction; NZDUSD maintains upward momentum, GBPUSD is forming an ascending wave.