empty
 
 
You are about to leave
www.instaforex.eu >
a website operated by
INSTANT TRADING EU LTD
Open Account

19.08.202015:17 Forex Analysis & Reviews: Short-term Ichimoku cloud indicator analysis of EURUSD for August 19, 2020

This information is provided to retail and professional clients as part of marketing communication. It does not contain and should not be construed as containing investment advice or investment recommendation or an offer or solicitation to engage in any transaction or strategy in financial instruments. Past performance is not a guarantee or prediction of future performance. Instant Trading EU Ltd. makes no representation and assumes no liability as to the accuracy or completeness of the information provided, or any loss arising from any investment based on analysis, forecast or other information provided by an employee of the Company or otherwise. Full disclaimer is available here.

EURUSD remains in a bullish trend. We use the Ichimoku cloud indicator to point at important support levels and targets if price breaks below certain support levels. The indicator confirms that short-term trend in the 4 hour chart remains bullish.

Exchange Rates 19.08.2020 analysis

EURUSD is trading above the Kumo and above both the tenkan-sen (red line indicator) and the kijun-sen (yellow line indicator). Support by the tenkan-sen and the kijun-sen is found at 1.1924 and 1.1873. Breaking below these levels will most probably push price towards the Kumo (cloud) at 1.1850-1.1820 support area. For now trend remains bullish and there is no sign of short-term top.
Alexandros Yfantis
Analytical expert of InstaForex
© 2007-2024

Open trading account

InstaForex analytical reviews will make you fully aware of market trends! Being an InstaForex client, you are provided with a large number of free services for efficient trading.




You are now leaving www.instaforex.eu, a website operated by INSTANT TRADING EU LTD
Can't speak right now?
Ask your question in the chat.

Turn "Do Not Track" off