Ichimoku Cloud
Ichimoku Cloud training videos
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Ichimoku. Weekly forecast. GBP/USD
Weekly GBP/USD
British pound kept declining during the last week: the prices broke down the Turning line (1) that acted as an important support. The next support level is the Standard line.
The trend for GBP/USD remains neutral. All lines of the Indicator keep moving horizontally (1, 2, 3, 4)....
Mizuho: forecasts for EUR/USD and GBP/USD
Analysts at Mizuho Corporate Bank note that during the last 5 days British Pound was trading sideways versus its US counterpart getting support from the daily Ichimoku cloud and Fibonacci retracement levels. The specialists say that the outlook for the pair GBP/USD will become bullish if it closes the week above 1.6350...
Thin bullish Ichimoku cloud
Last week the thin bullish Ichimoku cloud nevertheless managed to support the prices. Tenkan-sen and Kijun-sen that keep holding the “dead cross’ in place (though the signal isn’t strong as the figure was formed below the Ichimoku Cloud) will provide resistance for the pair...
Commerzbank: comments on EUR/USD
The single currency’s 2-week advance versus the greenback stumbled this week at 1.4700, close to the 78.6% Fibonacci retracement of May's decline.
Technical analysts at Commerzbank note that the short-term outlook for the pair EUR/USD has switched to the downside.
In their view, euro is now poised down to the Ichimoku Cloud support at 1.4295 and then to the recent minimum and the 200-week MA at 1.4007/1.3968...
Ichimoku Cloud. Weekly forecast. GBP/USD
Last week pound kept declining – the prices broke down through the Turning line and lost almost 200 pips.
At the same time the “golden cross” formed by Tenkan (1) and Kijun (2) above Kumo is still in place. The rising Ichimoku cloud remains wide (3) that means that the bulls are still rather strong and will likely be able to keep the pair moving within the uptrend...
Ichimoku Cloud
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