NZDUSD daily Ichimoku analysisWeekly:
Kumo down
Tenkan down
Kijun down
Chiko below candles
Daily:
Kumo down
Kijun slightly sown]
Tenkan down
Chiko down and far away from candles
Note: Price can still rang until Oct 4 - the next Kihon Suchi, where the buyers and sellers are 50-50 . However, the Weekly is down so after Oct 4 price likely to be sideway-down
H4: entry if price breaks the H4 forecast line
Overall in daily: 60% down, 10% up, 30% range
Ichimokukinkohyo
EURUSD is bearish but may retraceComment:
EURUSD both Weekly and Daily timeframes show the market is downtrending.
Ichimoku Trend Analysis (KTS) on Daily timeframe:
- Kumo (Senko span A and B) down
- Kijun sen down
- Tenkan sen down
- Chiko span below candles
Next Scenario:
The market has been resisted by Weekly descending trend line. However market may reverse for the next couple of days because
- Kumo is thin on a Daily timeframe
- Currently forming a Pin bar on Daily timeframe
So better to wait for a breakout of 0.9554.
OIL INDIA LTDHello and welcome to this analysis
Oil India in the daily time frame after activating a Bullish Harmonic ABCD completed a 38% Fibonacci retracement. In the process it activated an Ichimoku C Clamp in the weekly time frame.
Stock could be accumulated between 180-190 for 210 (short term) 240 (medium term) and 350 (long term)
View would be invalid below 170
Happy Investing
💡Don't miss the great Sell opportunity in USOIL!Hi dears
It seems that due to the revival of the JCPOA with Iran, and the entry of Iranian oil into the world markets, we will witness a drop in oil prices in the coming days. From a technical point of view, we should pay attention to the red trend line, whenever it is broken, the probability of oil fall increases.
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