EURUSD (Ichimoku Kinko Hyo analysis)
Weekly:
Kumo down
Kijun down
Tenkan down
Chiko below candles
Daily:
Kumo down (Quite thin)
Kijun down
Tenkan down
Chiko below candles
Note: Price is in Kihon Suchi (Equalibrium - means buyers 50- Sellers 50) + Doji => watch market
First scenario: If the price broke the Doji => Sell signal in LTF =>price can continue to go down till 25 July (next Kihon Suchi)
Second scenario:
-Prices retrace till 25 July and sell
-If prices still go up till 5 August, sell bases on LTF on 5 August
Conclusion:
Long term trend: Sell bias since all Lines of Ichimoku in Weely TF all down
Not recommend to buy based on Daily, Weekly but H4 possible
However, in Weekly price quite close to Kihon suchi weekly and there are many economic events in the next 7 days => can affect heavily to the market => can change whole direction since 1USD = 1EUR now
Kumo down
Kijun down
Tenkan down
Chiko below candles
Daily:
Kumo down (Quite thin)
Kijun down
Tenkan down
Chiko below candles
Note: Price is in Kihon Suchi (Equalibrium - means buyers 50- Sellers 50) + Doji => watch market
First scenario: If the price broke the Doji => Sell signal in LTF =>price can continue to go down till 25 July (next Kihon Suchi)
Second scenario:
-Prices retrace till 25 July and sell
-If prices still go up till 5 August, sell bases on LTF on 5 August
Conclusion:
Long term trend: Sell bias since all Lines of Ichimoku in Weely TF all down
Not recommend to buy based on Daily, Weekly but H4 possible
However, in Weekly price quite close to Kihon suchi weekly and there are many economic events in the next 7 days => can affect heavily to the market => can change whole direction since 1USD = 1EUR now
Note
a lot of events especially Fed interest rate dicision gonna happen soon => can change whole direction of EURUSD since 1EUR=1USD now
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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.
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.