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Ichimoku Indicator

27.02.201810:55 Forex Analysis & Reviews: The daily review of the currency pair EUR / JPY on February 27, 2018. Ichimoku Indicator

Long-term review

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EUR/JPY

Senior timeframes

The players on the rise continue to insist on the development of an upward correction. The transition of day Tenkan (132.08) to the side of bulls will allow to consider the development of correction to other resistance of the day cross (Fibo Kijun 133.43 + Kijun 134.21) and retest of the week-long cross passed the day before (Kijun 133.44 + Tenkan 134.21). The role of supports and targets remains the daily target for cloud breakdown and monthly Tenkan (129.95).

H4 - H1

The players on the rise have met at the moment quite a significant resistance, the day Tenkan (132.08), which is currently reinforcing the final frontier of the dead cross H4. Overcoming the day's short-term trend and reversal of the H4 cross will test the resistance of the H4 cloud, now strengthened by the daytime Fibo Kijun (132.48), in case of overcoming, there will be new prospects for recovery.

Indicator parameters:

All time intervals 9 - 26 - 52

The color of indicator lines:

Tenkan (short-term trend) - red,

Kijun (medium-term trend) - green,

Fibo Kijun is a green dotted line,

Chinkou is gray,

Clouds: Senkou Span B (SSB, long-term trend) - blue,

Senkou Span A (SSA) - pink.

The color of additional lines:

Support and resistance MN - blue, W1 - green, D1 - red, H4 - pink, H1 - gray,

Horizontal levels (not Ichimoku) - brown,

Trend lines - purple.

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