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Ichimokukinkohyo

EURUSD is bearish but may retraceComment: EURUSD both Weekly and Daily timeframes show the market is downtrending. Ichimoku Trend Analysis (KTS) on Daily timeframe: - Kumo (Senko span A and B) down - Kijun sen down - Tenkan sen down - Chiko span below candles Next Scenario: The market has been resisted by Weekly descending trend line. However market may reverse for the next couple of days because - Kumo is thin on a Daily timeframe - Currently forming a Pin bar on Daily timeframe So better to wait for a breakout of 0.9554.
Short
by ForexKei-Official
HINDUSTAN UNILEVERHello and Welcome to this analysis HINDUSTAN UNILEVER the FMCG giant in hourly time frame is forming another ascending and inverted scallop bullish formation. Ascending & Inverted Scallops have a success ratio of approx 70%. They are found in bullish trends and their formation works wonderfully with Fibonacci ratios as found in this case. It looks good for 2700 as long as it does not break below 2590. Good risk reward set up as FMCG stocks appear to be in a strong uptrend. Good Luck and Happy Investing
NSE:HINDUNILVRLong
by Dinesh_C_Nagpal
SPX500USD new lows? Evening folks. Ive been looking at these charts for a few weeks now and it looks like we are setting up to hit previous lows or possible new lows. As you can see we have bounced of the resistance trend line which seems to be a pretty strong resistance. We've had price break below the cloud which is part of my ichimoku strategy. What im waiting for are the red cloud to appear and the lagging span to break the cloud and we have a trade on our hands. You can also see we have long wicks above the bodies of the previous daily candles which suggests that the buyers are losing control and bears are gaining strength. I think we could see prices reach 3650 or break just below it, have a small reversal then head lower to perhaps 3500 area. Its been a pretty volatile market though so trade safe and trade smart. cheers shaun
OANDA:SPX500USD
by Shealy