empty
 
 
23.02.2023 06:12 PM
Ichimoku cloud indicator analysis on EURUSD for February 23rd, 2023.

This image is no longer relevant

EURUSD is making new lower lows today below 1.06. According to the Ichimoku cloud indicator trend remains bearish. Technically trend remains bearish as price is still making lower lows and lower highs. Price is well below the 4 hour Kumo (cloud) and below both the tenkan-sen (red line indicator) and the kijun-sen (yellow line indicator). Resistance by the tenkan-sen is at 1.0625 and by the kijun-sen at 1.0645. The tenkan-sen is below the kijun-sen confirming that bears remain in full control of the trend. The Chikou span (black line indicator) is also below the candlestick pattern confirming bearish trend. There is no sign of a reversal. Key resistance and trend change level is at 1.0710. Bulls need to push price above this level in order for trend to change.

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 $6000 more!
    In December we raffle $6000 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