Ichimoku Analysis Weekly:
Kumo down
Kijun down
Tenkan down
Chiko below candles
Daily:
Kumo down (kumo quite thin)
Kijun down
Tenkan down
Chiko below candles
Price break the support
intermarket analysis: S&P still going down and broke the support a couple of days ago
=> In the long term price can still going down until next weekly Kihon suchi (14 Nov)
Ichimokukinkohyo
NZDUSD daily Ichimoku analysisWeekly:
Kumo down
Tenkan down
Kijun down
Chiko below candles
Daily:
Kumo down
Kijun slightly sown]
Tenkan down
Chiko down and far away from candles
Note: Price can still rang until Oct 4 - the next Kihon Suchi, where the buyers and sellers are 50-50 . However, the Weekly is down so after Oct 4 price likely to be sideway-down
H4: entry if price breaks the H4 forecast line
Overall in daily: 60% down, 10% up, 30% range
EURUSD is bearish but may retraceComment:
EURUSD both Weekly and Daily timeframes show the market is downtrending.
Ichimoku Trend Analysis (KTS) on Daily timeframe:
- Kumo (Senko span A and B) down
- Kijun sen down
- Tenkan sen down
- Chiko span below candles
Next Scenario:
The market has been resisted by Weekly descending trend line. However market may reverse for the next couple of days because
- Kumo is thin on a Daily timeframe
- Currently forming a Pin bar on Daily timeframe
So better to wait for a breakout of 0.9554.
OIL INDIA LTDHello and welcome to this analysis
Oil India in the daily time frame after activating a Bullish Harmonic ABCD completed a 38% Fibonacci retracement. In the process it activated an Ichimoku C Clamp in the weekly time frame.
Stock could be accumulated between 180-190 for 210 (short term) 240 (medium term) and 350 (long term)
View would be invalid below 170
Happy Investing