Friday, August 13, 2010

Candlestick Charts, Format, Analysis and Trends

Horizontal Reference Points of the Candle Sticks
















Candlesticks Naming





















Candlesticks Format Description












Nr. Name  Interpretation
1 Big white body (White Marubozu) Very positive
2 Big black body (Black Marubozu) Very negative
3 White opening Marubozu Quite positive
4 White closing Marubozu Positive
5 Black closing Marubozu Negative
6 Black opening Marubozu Quite negative
7 White candle No direction
8 Black candle No direction
9 Dragonfly doji Reversal?
10 Doji star Reversal?
11 Gravestone doji Stable/Reversal
12 Long-legged doji Reversal?
13 Four price doji Reversal?
14 Hammer (white) Bottom reversal
Hanging man Top reversal
15 Hammer (black) Bottom reversal
Hanging man Top reversal

USDCHF Technical Analysis - Sell at 0.9955

USDCHF made a nice bull move from 0.9716 to 0.9990. Then USDCHF drops from over bought zone. USDCHF is trading below its 20 period MA on 4h ...