Market Overview

8 May 2018 09:25

Marios Athinodorou

Based on the Ichimocu system we can see that the price is clearly below the cloud and the tekan sen, kijun sen and chikou span seem to be in bearish formation, meaning that they are below the cloud. The cloud and a spike at the end gives us the signal that the trend may continue. To be able to spot a trade the price needs to break the tekan sen line in order to consider looking for any potential signals Disclaimer: Materials, analysis and opinions contained, referenced or provided herein are intended solely for informational and education purposes.
8 May 2018 09:21

Marios Athinodorou

Based on the Ichimocu Signals we can observe that the price is above the cloud. Having said that the Lines Kijun sen ,Tekan Sen ,and chickou span seem to be in a bearish mode yet. What we would like to see here is the lines to break out of the kumo and form bullish formation in order to start looking for potential trades. Disclaimer: Materials, analysis and opinions contained, referenced or provided herein are intended solely for informational and education purposes.
8 May 2018 09:18

Marios Athinodorou

If we examine the XAUUSD with Ichimocu system it is notable that the price is under the cloud, the cloud is in a bearish mode and the tekan sen line is below the cloud. As for the kijun sen and chikou span they seem to be in the bullish side meaning that the lines didn't broke to the down side yet. What might be a good practice is to wait for the tow lines to break the cloud and start looking for any developments of the potential bearish signal.
Market Focus
  • Swiss government raises 2019 GDP growth forecast to 0.9% from 0.8% previously
  • Fed keeps rates on hold, points to 'favourable' economic outlook next year
  • German consumer price growth stabilised in November
  • French consumer prices rose by 0.1% in November, as expected

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