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FX.co ★ Daily review of EUR / USD on 07/16/18. Ichimoku Indicator

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Forex Analysis:::2018-07-16T14:37:29

Daily review of EUR / USD on 07/16/18. Ichimoku Indicator

Daily review of EUR / USD on 07/16/18. Ichimoku Indicator

EUR / USD

Players on the slide could not close the past week below the important supports. Today, the weekly levels changed their location, as a result Senkou Span A (1.1975) freed the road, merging much higher with other resistance, and Tenkan (1,1680) descended to the center of the zone of attraction and support (1.1640 - 1.1710). The path to the day cloud, in case of overcoming 1.1710, is open. Long stay in the zone of attraction and consolidation under active supports (1.1640) may lead to the next stage of decline, the main task of which will be to update the last weekly lows, led by a minimum extremum (1.1508), and a breakdown of the weekly cloud.

Daily review of EUR / USD on 07/16/18. Ichimoku Indicator

The pair is now under important resistance, in this the junior timeframes fully agree with the older time intervals. The fastening above 1.1710 coincides with the breakdown of the H1 cloud, and also with the exit to the bovine zone relative to the H4 cloud. As a result, new benchmarks will appear for players to rise, the nearest landmark is the target for the breakdown of the H1 cloud, then the maximum extremum update (1,1791). Among the supports today still need to allocate 1.1680 and 1.1640 (intermediate level 1.1660). A decrease under support will return bearish advantages and allow new downward prospects to appear.

Indicator parameters:

All time intervals 9 - 26 - 52

The color of indicator lines:

Tenkan (short-term trend) - red,

Kijun (medium-term trend) - green,

Fibo Kijun is a green dotted line,

Chinkou is gray,

Clouds: Senkou Span B (SSB, long-term trend) - blue,

Senkou Span A (SSA) - pink.

The color of additional lines:

Support and resistance MN - blue, W1 - green, D1 - red, H4 - pink, H1 - gray,

Horizontal levels (not Ichimoku) - brown,

Trend lines - purple.

Analyst InstaForex
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