Brent H1: The Ichimoku Forecast for the European Session at 27.3.2025
27.03.2025 09:16
Technical
One of the most important signals in the Ichimoku indicator is the intersection of the Tenkan and Kijun lines. On the current Brent chart, this signal is marked with a pink square. Subsequent developments led to a decrease in the price for the Tenkan line. The upward momentum, that was initially suggested as an intersection, did not materialize. Instead, the price showed weakness and was unable to maintain its positions.
The current situation
Let's carefully look at the current values of the main components of the Ichimoku indicator to assess the current state of the market:
The price is below the Tenkan and Kijun lines that did not manage to react to the change in the market situation.
The dynamics of price movement over a longer distance is determined by the Kumo cloud, which is now colored orange. Thus, this signal prioritizes the upward vector of price movement in the future.
Currently, the Kumo cloud lines represent a dynamic support area for price.
Used by investors to identify a change in trend, the green Chikou line is held below the price on the chart.
Trading recommendations:
Dynamic support levels are located on the Kijun line, near the 72.95, the SenkouA line, at the 72.40, and the SenkouB line, near the 72.09.
The dynamic resistance level is on the Tenkan line, around the 73.09 mark.
Based on the results of the analysis, most technical indicators of the Ichimoku system indicate an upcoming price increase. Therefore, intraday it is worth prioritize the long positions that can be considered from the defined support levels.
The current situation
Let's carefully look at the current values of the main components of the Ichimoku indicator to assess the current state of the market:
The price is below the Tenkan and Kijun lines that did not manage to react to the change in the market situation.
The dynamics of price movement over a longer distance is determined by the Kumo cloud, which is now colored orange. Thus, this signal prioritizes the upward vector of price movement in the future.
Currently, the Kumo cloud lines represent a dynamic support area for price.
Used by investors to identify a change in trend, the green Chikou line is held below the price on the chart.
Trading recommendations:
Dynamic support levels are located on the Kijun line, near the 72.95, the SenkouA line, at the 72.40, and the SenkouB line, near the 72.09.
The dynamic resistance level is on the Tenkan line, around the 73.09 mark.
Based on the results of the analysis, most technical indicators of the Ichimoku system indicate an upcoming price increase. Therefore, intraday it is worth prioritize the long positions that can be considered from the defined support levels.