Candlesticks: Forex Market Prediction

Description

Over two hundred years ago the Japanese developed the candlestick charts as a means to analyse the rice market. Since no defined currency standard existed in Japan during this period rice represented a medium of exchange. Rice would be deposited in warehouses in Osaka and would then be sold or the receipts would be traded, thus rice become the first futures market.
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The technique evolved over time into what is now the candlestick technique used in Japan and indeed by millions of technical traders around the world. The Candlesticks are more attractive than standard bar and line charts and they make for a clearer market reading, once understood.
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We have taken 22 candlesticks and show each one in a graphical form followed by an explanation of each candlestick.