Japanese candlesticks analysis is one of the classic tools for analyzing the currency market. 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.
USDCAD is correcting; AUDUSD is testing the channel’s upside border, while USDCHF is about to resume moving upwards.
GOLD is trading upwards; NZDUSD continues forming the ascending wave, while GBPUSD is testing the resistance level.
EURUSD is forming another correctional wave; USDJPY is testing the resistance area, while EURGBP continues trading downwards.
USDCAD is correcting within the downtrend; AUDUSD is about to resume moving upwards, while USDCHF is testing the channel’s downside border.
GOLD is moving sideways; NZDUSD is testing the channel’s upside border, while GBPUSD continues forming the rising impulse.
EURUSD is forming another correctional wave; USDJPY is still rebounding from the support area, while EURGBP continues trading downwards.
USDCAD is testing the support level; AUDUSD is about to resume falling, while USDCHF is still correcting within the uptrend.
GOLD is forming an impulse to the downside; NZDUSD continues trading downwards, while GBPUSD is testing the resistance area.