investbenzi

investbenzi

On the past days, we saw the USD/JPY broking the SSMA of 200 period day and before that started to fall which I believe to be only a correction as the stochastics was indicating oversold of the bond price and ichimoku cloud is showing a strong uptrend with the cloud not thin and the candles upside it. Maybe, here is good spot to buy using a stop loss below the support.

investbenzi

We have been seeing in the past month the fall of EUA/USD which lead to the expectation of a switch in the trend. Some indicators: as an SSMA of a 200 period day has been broken (we see that in the red circle - 2 ), tekan-sen and kijun-sen are very distant from which other (we see that in the red circle - 1 ) and, that is my concern, we have a oversell as we can...

investbenzi

We can see the support in red with an engulfing pattern showing the short downtrend have ended with the ichimoku cloud and stochastic confirming an uptrend in a long run.