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EURCAD at the support level while downtrending by IchimokuComment EURCAD H4 shows continuous downtrend as per below Ichimoku confirmations. Ichimoku Trend Analysis - Kumo (Senko span A) is down - Kumo itself is thick and long - Kijun sen down - Tenkan sen down - Chiko Span below candles Next Scenario Currently market has been consolidating at the support level from 1 Apr 2021. As long as market is below Tenkan sen, market could break the support. Watching mid timeframes (H1 and M30) for trend confirmation.
Short
by ForexKei-Official
5
EURJPY Daily bullish by IchimokuComment EURJPY is bullish as per Ichimoku confirmations as well as ascending P wave structure. Ichimoku Analysis - Price above Tenkan sen, Kijun sen, and Kumo - Chiko Span above candles Also, market is in ascending P wave structure where resistance between 13.067 and 130.98. Next Scenario We can watch H1 or M30 and follow uptrend, expecting the breakout of the resistance. Otherwise, it will go down and test the trend line and Tenkan sen in Daily timeframe.
Long
by ForexKei-Official
Gold at Ichimoku V target. Here is the next scenarioComment Gold Daily chart shows that the market has reached to V target at 1793.27 level on 21 Apr. Please refer to below Ichimoku analysis. Ichimoku Analysis - Market reached V target on 21 Apr - Time cycle shows that the next Henka-Bi is 23 Apr Also, below is Ichimoku 5 line analysis. - Kumo (Senko span A and B) flat - Kijun sen flat - Tenkan sen flat - Price in the Kumo Next Scenario Market is currently ranging based on above Ichimoku confirmations, however, since Chiko Span is above the candles, market is still shows bullish momentum. - Daily chart scenario: Better wait for Kumo breakout (Sanyaku Kouten) for continuous uptrend confirmation - H4 chart scenario Since H4 shows bullish momentum, we can still follow H4 uptrend as long as market is above Kijun sen
OANDA:XAUUSDLong
by ForexKei-Official
1
GBPCHF Daily and H4 continuously bullish by IchimokuComment GBPCHF in Daily and H4 timeframes show continuously bullish as per below Ichimoku confirmations. Ichimoku Analysis Both timeframes show - Kumo (Senko span A) is up - Kijun sen is up - Chiko Span above candles Next Scenario In this case we better focus on H4 as Chiko Span is getting closer to candles and the price is also very close to Kijun sen. Market can continuously bullish if it's supported by H4 Kijun sen. But if Chiko Span starts to touch candles, then it can reverse or continue to be ranging.
Long
by ForexKei-Official
1
Gold (XAUUSD) Daily chart shows a ranging market by Ichimoku Comment Gold Daily timeframe shows market is now in a range market by below Ichimoku confirmations. Ichimoku Analysis - Price is in between Kijun sen and Kumo (Senko span A) - Chiko Span touching the past candles (As circled in red) Next Scenario For Bearish: If market comes below Kijun sen and Chiko Span breaks candles downwards, then market can continuously bearish as Kumo and Kijun sen still shows bearish. For Bullish: If market continues to go up, then we'll see TK cross, Chiko breakout, then Kumo breakout (Sanyaku Kouten) and it can continuously be uptrend.
OANDA:XAUUSD
by ForexKei-Official
1
USDJPY Daily continuously bullish by IchimokuComment USDJPY in Daily timeframes shows continuously bullish by Ichimoku Kinko Hyo. Ichimoku Analysis - Kumo (Senko span A and B) up - Kijun sen up - Tenkan sen up - Chiko Span above candles Next Scenario As long as market is above Tenkan sen, it can go up to the previous resistance at 110.96 level. Once it breaks, the next target is 111.70 level which is a high from last March. Kumo is getting thicker so the probability for the breakout is relatively higher.
Long
by ForexKei-Official