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

26.01.202315:53 Forex Analysis & Reviews: Ichimoku cloud indicator analysis on EURUSD for January 26th, 2023.

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 26.01.2023 analysis

EURUSD is trading around 1.09. Short-term trend according to the Ichimoku cloud remains bullish. Price made a new higher high earlier today at 1.0929, but price is challenging the short-term support by the tenkan-sen (red line indicator) and the kijun-sen (yellow line indicator). At 1.0866 we find the kijun-sen. A break below this level will imply more weakness is expected and price should at least test the upper cloud boundary at 1.0824. So far there is no change in trend in the 4 hour chart. Bulls remain in control today as well.

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