From a longer term noiseless view (Kagi), the price hit the bottom of the downside channel after earnings. It just started a reversal. On a much shorter timescale, the price is supported by an oblique trend. Candles did not manage to get through it and are currently testing a level at 99.30. Tenkan was broken and price could head towards the Kijun if it passes...
The price evolved from summer to end 2015 in a downward regression channel. It decided to escape towards the cloud. Retracement was not violent enough to get back into the channel as can be clearly seen in the chart. Price is now evolving in the cloud where it may consolidate for a while before attempting to break through. This would be the first criteria for a...
Short-term trade idea. The price reached level 1.618 of retracement. You will see that Fibo 0.382 lies exactly on the SSB and that price touched exactly 1.618 level, this validates the Fibonacci layout as drawn on the chart. On Ichimoku side, the pair is bullish with a price above the Kijun. We may expect a correction that would first break the Tenkan and then...
The price is testing the Fibo 0.236. If it breaks through, we may see new attempts against the next Fibo level and the Kijun itself.
The pair is currenty evolving in the cloud of the H4 chart. As shown in the lower chart (line break chart to remove "noise"), price is testing an oblique trend which is more or less in the middle of a narrowing channel. We may now expect the price to attempt to break this line and test a first support at 0.637 then dive to a lower level which was seen back in the...
Earnings are disappointing the market and the price broke a significant level at 106 that was frequently present during autumn 2015 (early Oct + end Nov/early Dec). From Ichimoku point of view in this timeframe, the stock is bearish since 13th Jan. More recently, it attempted to take refuge in the cloud but failed and broke the 106 line. Note that the lagging span...
Russian Ruble is getting a bit of strength these last hours and the pair USDRUB is diving towards the cloud. On the right chart, the PA went to the sky in a parabolic move (Russia said "this is no collapse") followed by a counter-reaction that shared the same intensity. The price will probably now try to break through the cloud if it manages to push through the...
EURPLN is in a bullish move on the Ichimoku H4 chart. However it just broke the Kijun by initiating a "Draghi" pullback that failed to go deeper than the lower side of a parallel channel where the price is evolving. The flat Kijun at 4.41 offers a good support as well as the current cloud with a SSB at 4.42. As soon as the trend reverses and the Kijun is broken...
Daily Ichimoku shows the big picture. We have a free fall for this Japanese stock. PA is currently playing around level 4.78 which is the last obstacle before diving head first towards levels seen back in middle 2015. Considering that PA broke a level at 4.9 that was more significant than the 4.7 level (see the cloud SSB in Aug/Sept 2015), it looks like the...
The loonie continues to loose its strength. Ichimoku in H4 clearly shows a bearish trend, all indicators are under the cloud. On last candles, PA tried to break an intermediate trend line at 0.695 level with a price leaving its Tenkan in an attempt to reach the Kijun. However the bulls lacked strength with a sequence of lower highs. The Renko chart helps to have...
On hourly chart of this exotic pair, we see the last green candle wicks did not manage to pass over a descending trend. This slope has the same magnitude as the slope from the bottom of the candles before the jump of Friday. These two lines form a symmetric triangle where the PA may evolve for a day or two. In case of breakthrough of the upper side of the...
From Ichimoku point of view, the pair is bullish and ready for a buy. Fibo extension using the H4 chart with candles on 13th and 14th Jan, switching back to H1 shows that levels were nicely surrounding the last candle. Possible retracement to Fibo level 1.0 acting as a temporary support. The lagging span must bounce against the trend line as it did in the past...
95 is a key level for this stock right now. It was the SSB level of the Ichimoku cloud (weekly chart) back in May/Jul 2015, and is therefore a vital and strong support area. Break this and the price may dive to intermediate supports at 90 and 84 (Summer 2015) that I extracted from the SSB in daily chart. If the market continues to produce a bloodbath, the level...
See comments on chart. Important level is 824, if broken may provide a sustained bearish path. On higher timeframes, Ichimoku is clearly bearish. The forecast PA path with arrows is just given as an indication to emphasize key levels and lines. Aggressive trade: as described in chart Conservative trade: wait for break at 824 to enter, reassess according to cloud...
USDMXN is currently bullish in the H4 chart. Lagging span must nonetheless manage to get out of a consolidation area where it is stuck since new year. When the break occurs, a long trade could be triggered. First TP based upon Fibo level 2.618. An optimistic price for an auxiliary TP could be the projection of the current upstair against the upper bound of the...
On 4H, USDDKK oscillates between two main parallel trends since 3th December 2015. PA is currently under the cloud but just bounced on a layer of supporting lines. We may now except an attempt to reach the Kijun with a weakening Danish Krone. If Kijun is broken, PA may attempt to traverse the cloud which would be the first strong sign of a bullish trend. In case...
HA candles to make the PA clearer. PA is in clean downward pitchfork and is nicely oscillating between the upper and lower areas. PA is about to cross the Ichi cloud which could be the start of a short trade. However the lagging span still has some layers to go through before being free. This could occur within the blue ellipse area. Note the lower support...