Market Overview
21.03.2018, 09:49

EURUSD Daily Analysis

On the daily time frame, it could be noticed that the price seems to be out of the cloud and above of it. In addition to this, we may detect four clues of reversal. Precisely, the first clue seems to show the price entering inside the cloud. The second clue shows that the price broke the Tekan Sen and Kijun Sen, and it is below these two lines. The third clue might be considered as the Tekan Sen and Kijun Sen, from a crossover to the downside, seem to start forming a potential bear formation. The fourth clue might be indicated by the Chikou span, which seems to be inside the current price.

It could be expected that the price may bounce on the bottom of the cloud on 1.21444 and reverse above. We could probably go to lower time frames and wait for a valid Kumo breakout signal above or enter the market.

This week presents high volatility in the market. Hence estimate your risk before entering.


© 2000-2020. All rights reserved.

This site is managed by Teletrade D.J. Limited 20599 IBC 2012 (First Floor, First St. Vincent Bank Ltd Building, James Street, Kingstown, St. Vincent and the Grenadines).

The information on this website is for informational purposes only and does not constitute any investment advice.

AML Website Summary

Risk Disclosure

Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.

Privacy Policy

Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.

Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.

Feedback
Live Chat E-mail
Up
Choose your language / location