27.10.202109:47 Forex Analysis & Reviews: Ichimoku cloud indicator analysis on EURUSD for October 27, 2021.

Tieto informácie poskytujeme retailovým a profesionálnym klientom ako súčasť marketingovej komunikácie. Neobsahujú investičné poradenstvo, investičné odporúčania, ponuku ani výzvu na vykonanie transakcie alebo použitie stratégie na finančných nástrojoch a ani by sa tak nemalo s nimi zaobchádzať. Minulá výkonnosť nie je zárukou ani predikciou budúceho výkonu. Spoločnosť Instant Trading EU Ltd. neručí a nepreberá žiadnu zodpovednosť za správnosť a úplnosť poskytovaných informácií ani za stratu, ktorá by vyplynula z akejkoľvek investície založenej na analýze, predpovedi alebo iných informáciách poskytnutých zamestnancom spoločnosti alebo iným spôsobom. Celé vylúčenie zodpovednosti nájdete tu.

EURUSD is trading around 1.1610. In the 4hour chart according to the Ichimoku cloud indicator trend is neutral as price is inside the Kumo (cloud). In the Daily chart trend remains bearish and bulls have a lot of obstacles to overcome in order to reclaim control of the trend.

In the 4 hour chart as shown above price is inside the Kumo. In order for the 4 hour chart to turn bullish, EURUSD must break above 1.1630. If price breaks below 1.1595 then short-term trend will be bearish again. The pull back from 1.1670 to 1.1587 has retraced more than 50% of the recent upward move. This could be a higher low in the making before more upside. Confirmation of this scenario will come with the break above the cloud.

In the Daily chart price is below both the tenkan-sen (red line indicator) and kijun-sen (yellow line indicator). Resistance by the tenkan-sen and kijun-sen is at 1.1620-1.1640. Breaking above this resistance area will open the way for a move towards the Daily Kumo resistance at 1.1720-1.1750. Concluding, EURUSD as long as it trades below 1.1640 is vulnerable to more downside. Support is at 1.16. For a move towards 1.1720-1.1750 bulls will need to break first above 1.1640.

Back to the list

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.