Market Overview

24 April 2018 09:24

Marios Athinodorou

USDJPY Daily Timeframe The pair USDJPY gives the impression that is trying to break the Kumo. This could be supported by the fact that the Tekan Sen and Kijun Sen seem to be in bullish formation, and the Chikou span above the price. The move could be captured by going down to the 1H timeframe and look for potential developing signals. USDJPY 1H Timeframe Based on the Ichimoku system, the price seems to be long and the cloud bullish on the 1H timeframe.
24 April 2018 09:21

Marios Athinodorou

EURUSD Daily Timeframe Based on the Ichimoku system, it could be noticed that on the EURUSD daily timeframe the price seems to be in a range. This could be identified by the following facts. Firstly, the price seems to create almost even levels of support and resistance. Secondly, the Tekan Sen, Kiju Sen and Chikou Span lines appear inside the Kumo cloud. Now, a clear direction of the price could be noticed. Precisely, this could be spotted by going on the 1H timeframe. EURUSD 1H Timeframe On the 1H timeframe, the price seems to be in a bearish mode.

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