27.02.201811:38 Forex Analysis & Reviews: The daily review of the currency pair EUR / USD for February 27, 2018. Ichimoku Indicator

EUR/USD

Senior timeframes

The pair reached the upper boundary of the monthly cloud (1,2500). The attempts to test this level led to the formation of divergences for Chinkou on a weekly and daily timeframe. As a result, the pair is in the correction zone, losing the support of the daily gold cross. The development of events, in case of a change of the day's cross and its preservation in the role of resistance (Tenkan 1.2408 + Kijun 1.2380), may become a decline in the area of the day cloud, now amplified by weekly levels (Tenkan 1.2235 + Kijun 1.2054).

H4-H1

Interaction with the upper boundary of the monthly cloud (1.2500) occurred in a rather wide range, while the targets for the breakdown of the H4 cloud were formed and as precisely as possible. At the moment, there is a downside target for the breakdown of the cloud of H4, the fulfillment of the goal will allow to continue the development of the weekly correction to 1.2235 and 1.2054. The most significant resistance today is located in the region of the daytime cross (1.2408 - 1.2380) and clouds H4.

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.