empty
 
 
24.05.2018 04:45 AM
The daily review of EUR / JPY pair on 23.05.18. Ichimoku Indicator

This image is no longer relevant

EUR / JPY pair

The resistance, which is previously designated in the area 131.19-33 (weekly Tenkan + day Kijun), coped with the task and did not allow players to rise in realizing the release from the support of the weekly cloud (Senkou Span A 130.70). Yesterday, the pair closed the day below 130.70, returned to the weekly cloud and as a result, players on the fall went into an active offensive. To date, the daily and weekly downtrend has been restored. The pair is now implementing a decline, which is guided by the lower boundary of the weekly cloud (Senkou Span B 124.67). Along the way, the support of the monthly Fibo Kijun (126.84) should be noted. In case of braking and an upward correction, the nearest zone of resistance for today can be noted in the area of 129.20 - 50.

This image is no longer relevant

Indicator parameters:

all time intervals 9 - 26 - 52

Color of indicator lines:

Tenkan (short-term trend) - red,

Kijun (medium-term trend) - green,

Fibo Kijun is a green dotted line,

Chikou is gray,

clouds: Senkou Span B (SSB, long-term trend) - blue,

Senkou Span A (SSA) - pink.

Color of additional lines:

support and resistance MN - blue, W1 - green, D1 - red, H4 - pink, H1 - gray,

horizontal levels (not Ichimoku) - brown,

trend lines - purple.

Evangelos Poulakis,
Analytical expert of InstaForex
© 2007-2024
Earn on cryptocurrency rate changes with InstaForex
Download MetaTrader 4 and open your first trade
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $9000 more!
    In May we raffle $9000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 100% Bonus
    Your unique opportunity to get a 100% bonus on your deposit
    GET BONUS
  • 55% Bonus
    Apply for a 55% bonus on your every deposit
    GET BONUS
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS

Recommended Stories

Can't speak right now?
Ask your question in the chat.
Widget callback