Weekly forecast. Price is beginning to retrace on the:
-Upward trendline
-0.618 fibonacci level
-1787.45 support zone
On the daily chart you can alsp identify a double bottom. An indication to look for buy options next week :)
Price broke and closed below the daily resistance of 0.74763. Ichimoku is also indicating strong bearishness in the market
Ichimoku Analysis
-Tenkan pointing down
-Kijun pointing down
-Senkou Span A and B pointing down
-Chikou Span away from price
Look for selling opportunities on lower timeframes
GBPUSD is bearish based on the 4H timeframe Ichimoku. Price has also been able to break the 1.37866 support line. Also able to notice consecutive N waves
Ichimoku Analysis
-Tenkan pointing downward
-Kijun pointing downward
-Senkou Span A and B pointing downward
-Chikou Span away from price
Could look for possible sell opportunities on lower timeframes
Daily timeframe Ichimoku is indicating bullishness and price is also breaking the daily resistance of 111.115
Ichimoku Analysis
-Kijun pointing upward
-Tenkan pointing upward
-Senkou Span A and B pointing upward
-Chikou Span away from price
Search for buying opportunities on lower timeframes!
USDCHF has broken and closes above the daily resistance of 0.92387
ICHIMOKU ANALYSIS
-Tenkan pointing upward
-Kijun pointing upward
-Senkou Span A and B pointing upwards
-Chikou Span away from price
Search for buying opportunities on lower timeframes
EURUSD on the 4H timeframe is indicating bullishness according to Ichimoku. Price is indicating that it is breaking the daily support of 1.8449
ICHIMOKU ANALYSIS
-Tenkan pointing downward
-Kijun pointing downward
-Senkou Span A and B pointing downwards
Evidence of the formation of bearish N Waves on the 4H chart
On the 4H timeframe, the price has broken the P Wave
-Tenkan is pointing upward
-Kijun pointing upward
-Senkou Span A ponting puward
-Chikou Span is away from price
Currently waiting for the price to break 0.92387 resistance line and like for buying chance
The 4H chart is indicating that XAUUSD is bearish
-Tenkan is pointing downwards
-Kijun pointing downwards
-Senkou Span A pointing downwards
-Chikou Span broken below the price
Search for selling opportunities after price breaks 1761.008 resistance line
