USDCAD H1: The Ichimoku Forecast for the American Session on 11.3.2025
11.03.2025 16:16
Teknikal
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.
Trading recommendations:
Dynamic support levels are on the SenkouA line, at the level of the 1.43624, and the SenkouB line, around the 1.43319.
Dynamic resistance levels are on the Tenkan line, around the 1.44190 mark, and the Kijun line, around the 1.44229 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.
Trading recommendations:
Dynamic support levels are on the SenkouA line, at the level of the 1.43624, and the SenkouB line, around the 1.43319.
Dynamic resistance levels are on the Tenkan line, around the 1.44190 mark, and the Kijun line, around the 1.44229 mark.