USDJPY H1: The Ichimoku Forecast for the European Session at 21.11.2024
21.11.2024 09:01
Técnico
The main signal of the latest trading sessions is the intersection of the Tenkan and Kijun lines, marked on the chart with a pink square. This is a negative signal. It indicates a change in the upcoming trend to a downward one.
The second most important signal is a change in the direction of movement of the cloud Kumo. This signal is marked on the chart with a vertical purple line. The orange color of the cloud indicates a change in the priority direction of movement to upward.
The current situation:
Let's look at the main components of the indicator and their current values:
The price is below the Tenkan and Kijun lines, indicating the prevalence of downward pressure.
The Kumo cloud is colored orange, indicating the market tendency to a continuing upward movement.
In addition, the price is above the Kumo cloud, which acts as a potential support zone.
Used by investors to identify a change in trend, the green Chinkou line is above the price on the chart.
Trading recommendations:
Dynamic support levels are on the SenkouA line, at the level of the 154.514, and the SenkouB line, around the 154.315.
Dynamic resistance levels are on the Tenkan line, around the 154.974 mark, and the Kijun line, around the 155.217 mark.
The second most important signal is a change in the direction of movement of the cloud Kumo. This signal is marked on the chart with a vertical purple line. The orange color of the cloud indicates a change in the priority direction of movement to upward.
The current situation:
Let's look at the main components of the indicator and their current values:
The price is below the Tenkan and Kijun lines, indicating the prevalence of downward pressure.
The Kumo cloud is colored orange, indicating the market tendency to a continuing upward movement.
In addition, the price is above the Kumo cloud, which acts as a potential support zone.
Used by investors to identify a change in trend, the green Chinkou line is above the price on the chart.
Trading recommendations:
Dynamic support levels are on the SenkouA line, at the level of the 154.514, and the SenkouB line, around the 154.315.
Dynamic resistance levels are on the Tenkan line, around the 154.974 mark, and the Kijun line, around the 155.217 mark.