Neutral here, neutral there. Not suitable for trendtraders now

FX_IDC:EURUSD   Euro/U.S. Dollar
183 0 14
- Ichimoku is neutral: Price is in Kumo, Tenkan is in Kumo, Chikou is above price but at/in past Kumo.
Forward Kumo is bearish , butthe cross is still thin.
- EWO             is bullish , but started to decrease a bit (not enough momentum)
- Heikin-Ashi signalled undecision last week, and turned counter bearish this week. haDelta is back below zero, its SMA3 is at zero.
- Price reached first important support/resistance at 100WMA -> 1,1225. Even penetrated it this week. Next support is lower at Kijun, Trendline and forward Senkou B area: 1,1070 - 1,11
Please note that these supports are always possible supports. If price gets there, the daily time frame setup would be quite bearish by then.

- Bullish chances are lost for now. I had a try ard             1,13 to go small long again, but obviously I got stopped as price action got more bearish towards Kumo.
- Ichimoku setup is neutral. I would take a lot of job for bulls to turn it back to bullish: price should climb back above Kijun Sen, which is now at 1,14. Price enterred Kumo, which is a no man's land. Within the thick Kumo priceaction can turn choppy as mkt seeks for clear direction. It is range traders time. Not good for trend traders now.
- Heikin-Ashi has been bearish for some time now, but looking at candle body position and haDelta/SMA3, there is increasing chance to see some pop up again towards Tenkan and Kumo (1,1300-1,1320) within next few days.
- EWO             is in bearish territory.

Coin toss. It's simply not trendtrader's time now. Go and find some other nice things, where you may catch a trend. E.g.: short $ZN, or short EURGBP             .

United States
United Kingdom
Việt Nam
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 Priority Support Contact Support Ideas Published Followers Following Private Messages Chat Sign Out