Oil Set To Retest Previous LowAs we can see from H1 chart in bearish mode. My projection oil is set to retest previous low. Sell.....
Ichimokukinkohyo
Ichimoku Analysis for BTCTenkan will act as an anchor here as it is above kijun. Also with lagging still inside the price, not much downward movement expected from it.
Reliance IndustriesHello and welcome to this analysis
After a sharp down move last week which might have ended its sideways corrective, Reliance is now attempting a double bottom in lower time frame, suggesting 2475 and 2575 as possible upside levels as long as its above 2470
Ichimoku Analysis ETHIt has a good support at Tenkan (1152). With Lagging inside the price, don't think it will go below it. Even if it does, Kijun is there to hold it at 1082.
GOLD-IN A WEEKLY DOWNTREND CHANNEL !W1 : Breakout of the $ 1’800-$ 1’780 support zone triggered, as expected and mentioned in my previous analysis, a downside acceleration towards an intra-week low of $ 1’726, in reaching roughly my technical target of $ 1’723.
Currently in a downtrend channel with its resistance line @ 1’855.
Interesting to note the thickness of the weekly clouds which is becoming very thin between $ 1’790 and $ 1’800.
Therefore, an incapacity for the Gold to recover and hold sustainably above the $ 1’800 area would be perceived as a confirmation of the ongoing downtrend calling for lower levels.
A weekly closing above $ 1’800 would trigger at least a PIERCING LINE (trend reversal pattern).
Follow closely the price action of the Lagging line which is currently below the clouds and which should also recover, at least in the clouds or even better above it, in order to neutralise this ongoing downside risk.
D1 : Clear breakout (long black candle) of the $ 1’800 - $ 1’780 support zone on the daily picture.
Currently looking to stabilize with the formation of two successive dojis.
A new daily closing level above $ 1’750 would be seen as a positive signal (PIERCING LINE).
Above the Tenkan-Sen or conversion line @ $ 1’784, would be the next significant resistance level to break ahead of the Kijun-Sen or Base line @ $ 1’804.
On the downside, a failure to hold and close above the former daily closing level @ $ 1’736.50 would weigh further on Gold in opening the door towards lower level, below $ 1’700, @ $ 1’673, forme double bottom seen in 2021.
H4 : currently in a sideways trading range and above the Tenkan-Sen @ $ 1’738.90.
A bullish divergence on the RSI triggered this ongoing recovery with a potential double bottom in progress in this H4 time frame (trigger level @ $ 1’7’48 which is also the MA21 !
Target if breakout validated is @ $ 1’770 which is by the way, also the level of the Kijun-Sen.
H1 : currently facing the hourly clouds resistance area between $ 1’740 and $ 1’765
The Lagging Line in neutral mode moving currently sideway in the middle of the candles…
Ichimoku Analysis for BTC With the lagging in the price and Senkou span A also changing to side ways direction, we can see a price movement between 20654 & 22266.
Ichimoku analysis of UNIis finally out of cloud. However will long once closes above 6.75. Keep eye on the cloud thickness too. It needs to increase and for that there will be some pullback.
Ichimoku Analysis for BTC1. Lagging inside price
2. Tenkan & Kijun Bullish crossover
3. Senkou Span A bearish.
Coc.: Interesting PA happening ryt now. Price above kijun & tenkan. Kumo is bearish. Need to watch for now. 4hr tf shows a drop to 20.8k.
So far my outlook for Eur/Gbp is still going down.I would shift the current position of the SL at the break-even point. So far my outlook for Eur/Gbp is still going down.
I'm just trying to reduce the potential loss if there is an extreme movement that can change the direction of the market. It is better to secure funds by moving at the break-even point.
Ichimoku Analysis ETH1) Lagging inside price.
2) Price above Kijun
Conc.: Lagging inside the price & price above kijun, could consolidate here for next move. Need to be careful as Kumo is pointing downwards. Closing above 1242 will get 1400.
Ichimoku Analysis for BTCSo we got the P-wave breakout, but price was resisted at the Kijun.
Two scenarios from here I can think of:
1) Price gets resisted by the Senkou span A or kijun and come back below the recent lows.
2) The price breaks into the cloud and reach Senkou Span B gets resisted there and then breaks it to 34k
EurUsd Another Low Tested Before Rise?15 mins chart is indicating probably eurusd will fall again. The risk is above 1.0181 (senkou b).
Trade well. Trade wisely. 🙏🙏🙏
Ichimoku Analysis for MATICon 4hr tf will get resisted at 0.58 level. As per daily tf it will enter the cloud if it breaks that level.
Ichimoku Analysis ETHPrice is near to Kijun. Most likely will get resisted here. If it does and comes back below tenkan, than SHORT.
Ichimoku Analysis for BTCWith all the indicator bearish, still looking for short opportunity on 1 day tf. Most likely after P-wave breakout.
If you are looking for scalp long, than 19.7k will be your sl based on 4hr tf.
EurAud Continues To Correct Lower?15 mins chart is indicating bearish mode for EURAUD. possibly we'll see lower price from now. I also marked the risk area. It is always the highest kumo (cloud) for the running candle.
Trade well. Trade wisely. 🙏🙏🙏
There are significant changes to Gbp/Aud today.There are significant changes to Gbp/Aud today. if yesterday's analysis showed that there was an indication that the price was at strong support, the added kumo cloud indicated an indication of increased buying volume, but today the kumo cloud indicates a significant selling movement and the price is possible to break through the support (blue box area) we will wait until the end of today to see the end of the candle whether it can go through support.
Short term buy for eurgbp?15 mins chart is indicating there is bullish momentum developing. For this ling position the risk is BELOW the cloud (the risk area on the chart)
Trade well. Trade wisely.
Ichimoku Analysis ETHWith lagging slowly coming near to the price, it could be going for more sideways movement with tenkan as its support. 1242 is still its resistance.
Ichimoku Analysis for BTC have been saying since many days that consolidation is going on. Still many becomes bullish & bearish on a small pump. Need to be careful with your trade since indicator is still in bear phase. Instead of trying to find the bottom for $BTC, need to look for short opportunity.
Short Term Short For UsdJpy?Based on 15 mins chart it is bearish for usdjpy. Risk for the short position is ABOVE 135.92 (the risk area).
Trade well. Trade wisely. 🙏🙏🙏
