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07.09.201816:41 Forex Analysis & Reviews: The daily review of EUR / USD as of September 7, 2018. Ichimoku Indicator

Long-term review

EUR / USD

Exchange Rates 07.09.2018 analysis

The euro, thanks to the support of 1.1545-72 (the lower boundary of the weekly cloud + the weekly Tenkan + day cross), this week keeps its location in the weekly cloud, thereby increasing the chances of continuing the weekly upward correction. The main resistance line in this way is concentrated now in the area of 1.1680 (daytime cloud) - 1.1708-50 (week and month Fibo Kijuny).

Exchange Rates 07.09.2018 analysis

Levels of support and resistance today retained their location. In addition, it retains its performance goal for the breakdown of the cloud H1. As a result, the main conclusions and expectations also remain the same. The goal and guidelines for the development of the upward movement are 1.1680 - 1.1708 - 1.1750. The center of attraction and preservation of bullish advantages is the area of 1.1620-30 (crosses and clouds of lower periods + day Tenkan). The bulk of the supports still unite in the zone 1.1518-72.

Indicator parameters:

All time intervals 9 - 26 - 52

The color of indicator lines:

Tenkan (short-term trend) - red,

Kijun (medium-term trend) - green,

Fibo Kijun is a green dotted line,

Chinkou is gray,

Clouds: Senkou Span B (SSB, long-term trend) - blue,

Senkou Span A (SSA) - pink.

The color of additional lines:

Support and resistance MN - blue, W1 - green, D1 - red, H4 - pink, H1 - gray,

Horizontal levels (not Ichimoku) - brown,

Trend lines - purple.

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.

Evangelos Poulakis,
Analytical expert
InstaForex Group © 2007-2021
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