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

18.08.202223:32 Forex Analysis & Reviews: Ichimoku cloud indicator analysis on EURUSD for August 18th, 2022.

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.

Exchange Rates 18.08.2022 analysis

EURUSD is breaking down. Price today closed below 1.0160 key support by the kijun-sen (yellow line indicator) providing a new bearish signal. EURUSD remains below the Kumo (cloud) and this implies that trend according to the indicator remains bearish. The upside bounce was considered as a counter trend move and with price now moving lower below 1.01 there are increased chances of moving again below parity. If and when the tenkan-sen (Red line indicator) crosses below the kijun-sen, we will get another important bearish signal. The Chikou span (blue line indicator) is above the candlestick pattern. This is the only positive indicator in the Daily chart. If the Chikou span breaks below the candlestick pattern, we will get another bearish signal.

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