USD top building is possible.Importance of Kumo and 100WMA
Daily:
- Bullish.
- The real issue here is that Tenkan, which is the shortes (9 days) average have not been broken since 22/Oct! Acts as strong support... until it acts as strong support, because when Price washes through that, it will quickly correct down to Kijun Sen.
- Heikin Ashi is bullish, but haDelta negative divergence still exists!
- SAR was hit today in early European session... maybe this was what ECB technicians realised so they had to leak something to save the day :-)
4H
- Bullish, but no real follow through above 100+ key resistance!
- Look how perfectly Kumo, Kijun Sen and 100 WMA worked again as support! -> once these fail to hold Price high, correction will hit.
- EWO is still bullish but with negative divergence
If no follow through above 100+, then a rounded top, or more consolidation will be possible.
Trendline Kijun and Senkou B all up, which means key reversal level is now up to 99,35-99,40... ooops, look: daily Tenkan Sen is there too! :-)
- Bullish.
- The real issue here is that Tenkan, which is the shortes (9 days) average have not been broken since 22/Oct! Acts as strong support... until it acts as strong support, because when Price washes through that, it will quickly correct down to Kijun Sen.
- Heikin Ashi is bullish, but haDelta negative divergence still exists!
- SAR was hit today in early European session... maybe this was what ECB technicians realised so they had to leak something to save the day :-)
4H
- Bullish, but no real follow through above 100+ key resistance!
- Look how perfectly Kumo, Kijun Sen and 100 WMA worked again as support! -> once these fail to hold Price high, correction will hit.
- EWO is still bullish but with negative divergence
If no follow through above 100+, then a rounded top, or more consolidation will be possible.
Trendline Kijun and Senkou B all up, which means key reversal level is now up to 99,35-99,40... ooops, look: daily Tenkan Sen is there too! :-)
