EURUSD H1: The Ichimoku Forecast for the Asian Session on 4.11.2024
02.11.2024 01:16
기술적
An interesting situation is being observed on the EURUSD chart. The Tenkan and Kijun lines have intertwined and now are on the same level. This signal displays an uncertainty in the market. To clarify the situation, it is necessary to wait for the intersection of the Tenkan and Kijun lines.
The current situation:
Let's look at the main components of the indicator and their current values:
The lines Tenkan and Kijun remain at the same level, when the price has established itself below.
The Kumo cloud lines are on the same level, indicating the market uncertainty.
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:
The current situation:
Let's look at the main components of the indicator and their current values:
The lines Tenkan and Kijun remain at the same level, when the price has established itself below.
The Kumo cloud lines are on the same level, indicating the market uncertainty.
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: