Candlestick charts are the most common chart types used by retail traders and investors. There are many other types of charts such as line charts, bar charts etc., but they don’t tell the story of past price action like candlestick indicator patterns do. When active trading is based solely upon technical analysis, projecting future price action is rooted in how the price has behaved in the past.
Candlestick analysis is a very useful form of technical analysis. It works almost perfectly in volatile times but also functions adequately in less volatile times. All in all, candlesticks, as well as candlestick trading, works fairly well in isolation or when combined with one or two other indicators.
Candlesticks represent fluctuations in price for a certain period of time. Durations may be as little as one minute or as large as a week or month. The body of the candlestick is the price difference between the opening and the closing time. The two vertical lines on each side, which are called shadows or wicks, display the highest and the lowest point of the price for that period of time.
Australia's ties to China and the 'hard' commodities it produces have fostered a historical relationship between the local currency and precious metals. The value of the Canadian Dollar is strongly correlated with the price of crude oil as the country remains a dominant exporter of the commodity. Both currencies are therefore sensitive to broader commodity price trends.
Daily market technical analysis trend buy
According to some best indicator like
Market is going to up position if you like and gain good profit open buy order and gain goof and huge profit I thing keep in mind use money manage and always use stop loss and take profit.
technical analysis by using : Auto pivot indicator.
Parabolic SAR indicator there a dot below the candles that indicates a downward direction
in addition to that we can see a SELL signal on the MACD indicator
that is moving below the level 0 beside that the CCI line is located at the higher level
to perform a upward signal on the chart of the this pair
there is a main downtrend signal as the 14 EMA 30 and 44 are moving below the slow EMA of 48
if other indicators confirm a BEARISH direction
then I will go for “SELL” positions.
dont forget your stoploss
Ye pair sell ka bna huwa he i think jahan par market punche huwe he wahan se down ke
traf movement kar sakte he so main suggest kronga hamen sell ki trade lga dene chaheye
i hope is trade se ham profit earn kar len