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Forexkei

EURCAD is continuously downtrending, near previous support levelComment: EURCAD Daily timeframe shows downtrend by Ichimoku. However the market is near previous support level. Ichimoku Trend Analysis: - Kumo (Senko span A) down - Kijun sen down - Chiko span below candles Next Scenario: Market is in downtrend as per above Ichimoku trend confirmation but very close to the previous support level of 1.4262 from Feb 2020. There is a potential breakout as long as Kumo and Kijun sen are down but need to watch out for a push back. To be safer, better to wait for a breakout and enter trades.
Short
by ForexKei-Official
GBPJPY continuously bullish by IchimokuComment: GBPJPY Daily timeframe is showing uptrend as per Ichimoku trend confirmation. Ichimoku Trend Analysis: - Kumo (Senko span A and B) up - Kijun sen up - Tenkan sen up - Chiko span above candles Next Scenario: Yesterday market broke the previous high level of 157.416 and showing continuous uptrend. It may retrace back to Tenkan sen as Kumo is still a bit small. And once it bounces by Tenkan sen, next target will be at 160.133.
Long
by ForexKei-Official
5
CHFJPY Bearish on Daily timeframeComment: CHFJPY Daily timeframes shows a potential downtrend by below Ichimoku confirmations. Ichimoku Trend Analysis: - Kumo (Senko span A and B) are down - Kijun sen down - Tenkan sen down - Chiko span below candles Next Scenario: Market is breaking the previous support/resistance on 118.74 level. If it breaks that level, the target will be on 117.54. But if it bounces this time, then market will go up to the descending trend line and continues to go bearish afterwards.
Short
by ForexKei-Official