EURCHF is bearish by Ichimoku
Comment:
EURCHF Daily timeframe shows it's a bearish market by Ichimoku.
Ichimoku Trend Analysis:
- Kumo (Senko span A and B) are down
- Kijun sen down
- Tenkan sen down
- Chiko span below candles
Next Scenario:
Market broke the support level of 1.0507 from April and May 2020 and all the Ichimoku lines showing bearish signal. Since market just broke the support, it could retrace to the support level, and continue to go down.
EURCHF Daily timeframe shows it's a bearish market by Ichimoku.
Ichimoku Trend Analysis:
- Kumo (Senko span A and B) are down
- Kijun sen down
- Tenkan sen down
- Chiko span below candles
Next Scenario:
Market broke the support level of 1.0507 from April and May 2020 and all the Ichimoku lines showing bearish signal. Since market just broke the support, it could retrace to the support level, and continue to go down.
Forex Kei
Official Website: forex-kei.com
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Official Website: forex-kei.com
Global Trading School: forex-kei.com/?page_id=2855
KTS Academy: keistradingstrategy.com
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