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Ichimoku Indicator

09.03.201811:14 Forex Analysis & Reviews: Daily review of EUR / JPY as of 03/09/18. Ichimoku Indicator

Long-term review

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EUR / JPY

Senior timeframes

The pair overcame the daily short-term trend and for the last few days, using Tenkan (130.74) as support is trying to gain a foothold above the level. The next nearest upward reference point now combines the levels of different halves and is located in the area of 132.44-56 (daytime Fibo Kijun + weekly Fibo Kijun + monthly Tenkan), further it should be noted 133.41 - 134.38 - 135.74.

H4-H1

During the last couple of days, the pair is busy overcoming the resistance and attraction of the H4 cloud. The breakdown of the cloud opens up new prospects for the continuation of the ascent and forms an upward target for the breakdown of the H4 cloud. Support has not yet changed its location and continues to unite important levels of senior and junior times, the key zone is 130.74-50.

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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