EURCAD (Ichimoku Kinko Hyo analysis)
Weekly chart:
Span B flat, span A down, Kumo down
Kijun down,Chiko below candles
=> Weekly down momentum
Daily:
Kumo flat
Kijun, Tenkan overlap
BB is squeezing
=> More likely to go down (60% down- 25% range - 15% up)
IF the price break support, the downtrend may continue until next Kihon Suchi (26 Aug)
Span B flat, span A down, Kumo down
Kijun down,Chiko below candles
=> Weekly down momentum
Daily:
Kumo flat
Kijun, Tenkan overlap
BB is squeezing
=> More likely to go down (60% down- 25% range - 15% up)
IF the price break support, the downtrend may continue until next Kihon Suchi (26 Aug)
Note
Although the target did not reach. However, price broke support and continued to downtrend till 26 Aug as expected
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.