If we consider Ichimoku analysis
1. Kumo - price is below the cloud and we should be looking for Short Opportunities. The cloud is thick , but flat in direction. This reflects the September price correction.
2. Tenkan Sen / Kijun Sen - we can see price has moved above the Tenkan Sen ( 9 period equilibrium) and settled at the Kijun Sen ( 26 period equilibrium) . In the medium term , we can say this pair is fairly priced.
3. Chikou - has been trending up for September. It is in open space.
Structural - we can see price has arrived at significant structure at 1.3600 , which is acting an Resistance.
Pivot Points - we can see the Weekly R2 is holding price at bay.
Pattern - there is an obvious Bearish Flag pattern in play - for price candlesticks, Chikou , and RSI.
Catalyst - the obvious fundamental catalyst for a price channel break is the FOMC and anticipated Rate Cut.
From a Technical and Fundamental basis , the bias is SHORT.
Projection - a confluent point of Pivot R2 weekly, the start of the corrective channel , the underlying Demand Zone , and the extremity of volatility ( check Bollinger Bands yourself) =
1.3420 - 1.3440.
1. Kumo - price is below the cloud and we should be looking for Short Opportunities. The cloud is thick , but flat in direction. This reflects the September price correction.
2. Tenkan Sen / Kijun Sen - we can see price has moved above the Tenkan Sen ( 9 period equilibrium) and settled at the Kijun Sen ( 26 period equilibrium) . In the medium term , we can say this pair is fairly priced.
3. Chikou - has been trending up for September. It is in open space.
Structural - we can see price has arrived at significant structure at 1.3600 , which is acting an Resistance.
Pivot Points - we can see the Weekly R2 is holding price at bay.
Pattern - there is an obvious Bearish Flag pattern in play - for price candlesticks, Chikou , and RSI.
Catalyst - the obvious fundamental catalyst for a price channel break is the FOMC and anticipated Rate Cut.
From a Technical and Fundamental basis , the bias is SHORT.
Projection - a confluent point of Pivot R2 weekly, the start of the corrective channel , the underlying Demand Zone , and the extremity of volatility ( check Bollinger Bands yourself) =
1.3420 - 1.3440.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.