Price Testing Channel and Kumocloud Resistance

FX:EURUSD   Euro / U.S. Dollar
177 0 2
Price is testing a longer term sloping channel from below
right at the lower Kumo Cloud resistance and in proximity
of Yearly S2/Monthly PP confluence resistance.
Even if price closed above the confluence resistance last
week, the additional resistance may give pause in upward
action. A strong candle to the upside closing inside the Kumocloud
will expose previous highs and potentially the upper Kumocloud.
A daily close below the cloud will give a bearish Kumocloud
Breakout sell signal.
Note that Retail Sentiment is still net short which points to further
gains, but with a sharp move down this can quickly flip.
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out