EURUSD H1: The Ichimoku Forecast for the American Session on 4.12.2024
04.12.2024 15:31
Teknikal
The main signal of the latest trading sessions is the intersection of the Tenkan and Kijun lines, marked on the chart with a pink square. This is a negative signal. It indicates a change in the upcoming trend to a downward one.
The second most important signal is a change in the direction of movement of the cloud Kumo. This signal is marked on the chart with a vertical purple line. The orange color of the cloud indicates a change in the priority direction of movement to upward.
The current situation:
Let's look at the main components of the indicator and their current values:
The price is below the Tenkan and Kijun lines, indicating the prevalence of downward pressure.
The Kumo cloud is colored orange, indicating the market tendency to a continuing upward movement.
The price is below the Kumo cloud, which is now acting as a resistance area for the price.
Used by investors to identify a change in trend, the green Chinkou line is above the price on the chart.
Trading recommendations:
Dynamic resistance levels are on the Tenkan line, in the area of the 1.05055, the Kijun line, near the 1.05084, the SenkouA line, at the level of 1.05024, and the SenkouB line, around 1.05286.
The second most important signal is a change in the direction of movement of the cloud Kumo. This signal is marked on the chart with a vertical purple line. The orange color of the cloud indicates a change in the priority direction of movement to upward.
The current situation:
Let's look at the main components of the indicator and their current values:
The price is below the Tenkan and Kijun lines, indicating the prevalence of downward pressure.
The Kumo cloud is colored orange, indicating the market tendency to a continuing upward movement.
The price is below the Kumo cloud, which is now acting as a resistance area for the price.
Used by investors to identify a change in trend, the green Chinkou line is above the price on the chart.
Trading recommendations:
Dynamic resistance levels are on the Tenkan line, in the area of the 1.05055, the Kijun line, near the 1.05084, the SenkouA line, at the level of 1.05024, and the SenkouB line, around 1.05286.