Weekly Closing Remarks for EUR/USD (Post-September 13, 2024):
EUR/USD closed the week on Friday, September 13, 2024, at 1.1074, maintaining a bearish bias throughout the week. The market remained cautious ahead of next week’s FOMC rate decision, set for Wednesday, September 18, 2024.
The Ichimoku cloud continues to display a bearish structure, with price action...
General Overview:
Ichimoku Cloud (Kumo):
Across all timeframes, the Ichimoku Cloud shows a bearish sentiment, especially in the smaller timeframes (M1 to H1), with price action predominantly below the cloud. However, as you move into higher timeframes like H4 and W1, the price approaches the cloud, suggesting a potential medium-term bullish reversal or a...
General Overview:
The price action in BTC/USD shows volatility with moments of consolidation followed by breaks in either direction. Across all timeframes, the market appears to be testing key resistance and support levels. The use of Ichimoku Cloud, ATR (Average True Range), ADX (Average Directional Index), RVI (Relative Vigor Index), and MACD (Moving Average...
Trend Analysis:
Ichimoku Cloud: The price action is frequently interacting with the Ichimoku cloud, indicating periods of consolidation, as well as potential trend reversals. In shorter timeframes, the price is often within or below the cloud, signaling bearish tendencies, while longer timeframes (D1, W1) show some potential support from the cloud.
RSI (Relative...
