$KWEB hitting monthly Senkou Span BAs said in previous Chinese tech stock analysis, I am looking forward to adding big Chinese tech names during this crisis. In my opinion, the crackdown does not impose long term threat to these massive companies. China treats them as the only child, just beating them up when they get naughty.
$BABA $PDD $JD are my targets. Although they all move together, whichever generates Demark buy signals I will happily add. Next week, I will also watch if they come close to previous low on 27th July, to which I give a very high chance.
Ichimoku Cloud
When does Ethereum become Bullish?I have gotten this question frequently. When I want to forecast a chart as bullish or bearish I rely on Ichimoku Trend Analysis. There are two basic components that I look for:
0: A basic rule of Ichimoku is that when price is within the Kumo cloud the sentiment is neutral.
1: When price gets above the cloud = Bullish; price below the cloud = Bearish. This is the fundamental basis of Ichimoku Trend Analysis. But there is one more important confirmation tool...
2. Chikou, the "Lagging Span", or sometimes called "Momentum" follows price. It also must get out of the cloud to CONFIRM the trend. This is important for filtering out false breakouts.
When both price and momentum are out of the cloud you have confirmation of a bullish trend. This can happen naturally with time passing as price and momentum move across the cloud from left to right. This can also happen with a fast move to allow momentum to completely clear the cloud.
Research for yourself... go back on a DAILY chart of any instrument and see for yourself how well a true trend relates to the Ichimoku cloud and how when price crosses the cloud Momentum becomes a check to prevent false breakouts.
Tomorrow (Fridays) at 4pm Eastern I will be doing my regular weekly Livestream here on Tradingview. I am going to go through a lesson on this concept using various examples. Be sure to check it out Live to ask questions or it will be recorded for later.
GBPAUD continuously bullish by IchimokuComment:
GBPAUD is continuously bullish as per below Ichimoku confirmations.
Ichimoku Trend Analysis:
- Kumo (Senko span A and B) up
- Kijun sen up
- Tenkan sen up
- Chiko span above candles
Next Scenario:
Market is breaking a key level of 1.8763. Waiting for lower timeframe confirmations for an entry edge. Target at 1.8986 level.
GBPAUD Bullish by IchimokuComment:
GBPAUD Daily timeframe shows a continuous bullish trend as per Ichimoku analysis.
Ichimoku Trend Analysis:
- Kumo (Senko span A and B) up
- Kijun sen up
- Tenkan sen up
- Chiko span above candles
Next Scenario:
The market has been supported by Tenkan sen and bullish on Daily timeframe. Once market breaks a reversal line at 1.8763, next target will be at 1.8986.
EURJPY continuously bearish by IchimokuComment:
EURJPY Daily chart still shows bearish trend as per below Ichimoku confirmations.
Ichimoku Trend Analysis:
- Kumo (Senko span A) down
- Kijun sen down
- Chiko Span below candles
- Candle below Tenkan sen
Next Scenario:
Market has been downtrending resisted by the descending trend line. As long as market is below Tenakn sen, the bearish trend may persist. But if market breaks Tenkan Sen and descending trend line, then no trade.
GBPJPY bearish by IchimokuComment:
GBPJPY Daily timeframe shows a continuously bear trend.
Ichimoku Trend Analysis:
- Kumo (Senko span A and B) down
- Kijun sen down
- Tenkan Sen down
- Kijun sen below candles
Next Scenario:
Market is on a support zone between 149.03 and 148.51 area. Market could bounce from here and retraces back to Kijun sen. Better to wait for a breakout of 148.51 and look for a selling edge.
GBPUSD continuously bearish by IchimokuComment:
GBPUSD Daily timeframe shows downtrend by Ichimoku after breakout of previous support level.
Ichimoku Trend Analysis:
- Kumo (Senko span A and B) down
- Kijun sen down
- Tenkan Sen down
- Chiko Span below candles
Next Scenario:
After breakout of 1.3669 market continues to be bearish down to the next support level of 1.3565.
EURJPY downtrending by IchimokuComment:
EURJPY Daily timeframe shows downtrend by Ichimoku Trend Analysis.
Ichimoku Trend Analysis:
- Kumo (Senko span A and B) down
- Kijun sen down
- Tenkan Sen down
- Chiko Span below candles
Next Scenario:
Market is breaking the previous support at 129.58 level. Also the market has been resisted by Tenkan Sen and continuously bearish. As long as market is below Daily Tenkan Sen, it can reach down to the next support at 128.279 level.
CADJPY bearish by IchimokuComment:
CADJPY H4 is continuously trending down as per below Ichimoku confirmation.
Ichimoku Trend Analysis:
- Kumo (Senko span A and B) down
- Kijun sen down
- Tenkan Sen down
- Chiko Span below candles
Next Scenario:
Market is trending down in H4 and lower timeframes. Initial target is on 86.01 level.
GBPAUD bullish by IchimokuComment:
GBPAUD Daily timeframe shows bullish trend by Ichimoku
Ichimoku Trend Analysis:
- Kumo (Senko span A) up
- Kijun sen up
- Chiko Span above candles
Next Scenario:
Market has been bullish above Tenkan sen. Daily resistance is near at 1.8662 level, better to wait until market breaks the level for buying edge.
USDCAD Daily uptrend by IchimokuComment:
USDCAD Daily timeframe shows bullish trend as per below Ichimoku confirmations.
Ichimoku Trend Analysis:
- Kumo (Senko span A) is up
- Kijun sen up
- Chiko Span above candles
Next Scenario:
After P wave breakout market has been bullish above Tenkan sen. Market is heading towards resistance level of 1.2645 level.
EURGBP bearish on weekly timeframeComment:
EURGBP Weekly timeframe shows down trend as per below Ichimoku confirmations.
Ichimoku Trend Analysis:
- Kumo (Senko span B) down
- Kijun sen down
- Tenkan Sen down
- Chiko Span below candles
Next Scenario:
Waiting for Daily support breakout at 0.8530 level.
XRP analysis based on Ichimoku systemIt is just an analysis. Do your trade with your plan.
For next 24 hours the Kijun-sen will be at equilibrium and so Tenken-sen.
Price is under Tenkensen and KijunSen and all of them are under Kumo cloud so there is a strong resistance.
Future komu cloud is descending and Chiku-Span is in a open area, so all of them tell us:
most probably there is a down trend .
The specified channel as well is showing a descending trend.
price at 0.6070 is first support level after it the lower line of channel is the next support level(price at 0.5860)
The only thing that may cause the price change its way to up is empty hole between two clouds
AUDUSD Daily downtrending by IchimokuComment:
AUDUSD Daily timeframe shows downtrend as per below Ichimoku trend confirmation.
Ichimoku Trend Analysis:
- Kumo (Senko span A and B) down
- Kijun sen down
- Tenkan Sen down
- Chiko Span below candles
Next Scenario:
Market breaking the support of 0.7462 level and possible continuation of downtrend. Ultimate target to be at 0.7253 level.
Gold bouncing back As mentioned on my last Gol Analisys we are observing reverse head and shoulders pattern. Gold made a nice deep to close the gap and now third day in a raw growing nicely.
We should be carefull at SSB (Senkou-span B/2) but once it will enter the kumo back we might see pullback all the way to Kijun. There is quite of a movement ahead of us so a lot of opportunities to make a profit.
winter is coming?As we can see on the chart , there is a "dead crooss" happened in Ichimoku in weekly timeframe that is very important. like other dead crosses in this timeframe, we can expect a major correction (can be up to 90%). I think accumulation zone must be between 13k and 20k which is a good opportunity to have a good buy.
All of this depends that the "dead cross" confirmed. it means that we stay under 42k for the next 2 or 3 weeks.
TSLA is reaching to strong resistance, Watch carefully !TSLA will face a really strong resistance soon. Is it able to defeat the resistance? Watch carefully.
Descending trend line, 50 % Retracement of last drop and Kumo flat of Ichimoku system have made a strong alliance to push the TSLA back down. Moreover stochastic indicator is in overbought zone in daily time frame.
It is worth to note that general trend of TSLA is down going.
Please note that we need a bearish sign in every proposed resistance to go short. We do not go short without a bearish movement.
My Recommendations:
1- For those who already have shares: Watch the reaction to proposed resistance carefully.
2. For those who want to go long : It is too risky now, Calculate your Reward/ Risk carefully and stick to your predefined stop loss objectively.
Good luck my friends.