empty
 
 
14.04.2021 10:13 PM
Ichimoku cloud indicator analysis of EURUSD for April 14, 2021

EURUSD is trading around 1.1970 and remains in a short-term bullish trend. The Ichimoku cloud indicator confirms this as price is above the Kumo (cloud) in the 4 hour chart. In the Daily chart price is above both the tenkan-sen and kijun-sen indicators and is heading towards the Kumo (cloud) resistance as expected.

This image is no longer relevant

EURUSD has support at 1.1860-1.1840 area by the tenkan-sen and kijun-sen indicators. The tenkan-sen (Red line indicator) is crossing above the kijun-sen (yellow line indicator) and this is a weak bullish signal. Price is getting closer to our bounce target of 1.2050-1.21 where we find the lower cloud boundary. This is important resistance. Price continues making higher highs and higher lows but the closer we get to the cloud, the less appealing it is to go long. Traders need to be cautious as price is approaching important resistance.
Summary
Urgency
Analytic
Alexandros Yfantis
Start trade
Gagnez sur les variations du cours des cryptomonnaies avec InstaForex.
Téléchargez MetaTrader 4 et ouvrez votre première transaction.
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $10000 more!
    In January we raffle $10000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS

Recommended Stories

Can't speak right now?
Ask your question in the chat.
Widget callback