Блог IchiTrader63
NZD vs JPY Kumo Breakout!
With price closing outside of the Kumo on the daily time frame this represents bearish sentiment with the ichimoku system. Price has not been on the bearish side of the Kumo since breaking the Kumo July 4th of 2012. Nice long bullish run! That bullish run really started in June of 2012 @ 57.985 until the high of 86.430. Knowing this you might want to look at the monthly time frame to understand why I like the short trade here. From that low of 57.985 to the high of 86.430 a 50% fibonacci retrace…
EUR vs USD Forecast
Looking at the EUR vs USD first on the daily chart you will notice where this fall started. The pair has attempted 3 times to break the flat bottom Kumo @ 1.31840 level and failed thus causing the price to break beneath the 100 SMA which is the blue line on the chart. With that fall the pair could have found support at the fractal support level but this level was violated and the pair continues to fall. When price is below the Kumo the bias of the market is bearish and there is no reason to expe…
EUR vs CAD Technical Analysis
Looking at the chart above featuring EUR vs CAD on the daily time frame using Ichimoku analysis we can see price sitting inside the Kumo. The Kumo acts as support and resistance levels and with price inside of the Kumo the flat bottom is a resistance level. Also on the chart we can see a blue line which represents the 100 SMA. Price has broken below the 100 SMA which also was a S&R level to be noted. If price breaks the support of the Kumo @ 1.31325 we can expect price to move to the next level …