Analysis

2019-07-19
04:11 pmKey Releases
02:03 pmNZD/USDNZD/USD: Fibonacci analysis
01:36 pmUSD/JPYUSD/JPY: general review
01:30 pmUSD/CADCore Retail Sales. Canada, 14:30 (GMT+2)
01:11 pmSilverXAG/USD: general review
11:51 amCryptocurrency Market Review
10:18 amUSD/CADUSD/CAD: technical analysis
09:55 amFDAXFDAX: technical analysis
08:39 amUSD/CHFUSD/CHF: ambiguous dynamics
08:36 amAUD/USDAUD/USD: AUD is strengthening
08:30 amBrentBrent Crude Oil: oil prices are dropping
08:25 amGBP/USDGBP/USD: wave analysis
08:25 amEUR/USDEUR/USD: wave analysis
08:24 amMorning Market Review
06:57 amEUR/JPYEUR/JPY: Ichimoku clouds
2019-07-18
07:20 pmEUR/GBPEUR/GBP: Ichimoku clouds
03:51 pmKey releases
02:03 pmNZD/USDNZD/USD: general review
02:00 pmUSCrudeWTI Crude Oil: general analysis
01:30 pmEUR/USDPhiladelphia Fed Manufacturing Index. United States, 14:30 (GMT+2)

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22-07-2019 07:20 pm EUR/GBP
EUR/GBP: Ichimoku clouds


Let's look at the four-hour chart. Tenkan-sen line is above Kijun-sen, the red line is directed downwards, while the blue one remains horizontal. Confirmative line Chikou Span is approaching the price chart from above, current cloud is ascending. The instrument is trading below Tenkan-sen and Kijun-sen lines; the Bearish trend is still strong. The closest support level is the upper border of the cloud (0.8979). One of the previous maximums of Chikou Span line is expected to be a resistance level (0.9035).




On the daily chart Tenkan-sen line is above Kijun-sen, the lines are horizontal . Confirmative line Chikou Span is above the price chart, current cloud is ascending. The instrument is trading between Tenkan-sen and Kijun-sen lines. The closest support level is Kijun-sen line (0.8959). One of the previous maximums of Chikou Span line is expected to be a resistance level (0.9028).


On the four-hour chart we can see the beginning of the trend reversal. On the daily chart we can see a correction of the upward movement. It is recommended to open long positions at current price with Take Profit at the level of previous maximum of Chikou Span (0.9028) line and Stop Loss at the level of Kijun-sen line (0.8959).