Daily price is on secondary rally within the primary bullish market condition: price broke one of Senkou Span line B of Ichimoku indicator to above for the ranging rally to be located inside Ichimoku cloud. The price is testing Senkou Span A line of Ichimoku indicator to above together with 1.3113 resistance level to be reversed to the bullish market condition.Chinkou Span line of Ichimoku indicator is breaking the price to above ...
There are two dominant themes that it is important to understand when analyzing the Canadian Dollar from a fundamental standpoint. The first, as its designation as a commodity currency implies, is the fact that exports of natural resources (especially gold and oil) make up a significant part of the Canadian economy. This is important to understand because as Canada is the world's 14th largest producer of oil and 5th largest producer of gold, the price of these and other commodities normally has ...
H4 price is located near and below 200 period SMA (200 SMA) for the bearish condition with the ranging within the following key reversal support/resistance levels: 10-day high at 1.3143 located far above 200 SMA in the primary bullish area of the chart, and10-day low at 1.2654 located near and below 100 SMA/200 SMA in the beginning of the bearish area. If the price will break 1.3143 resistance level on close H4 bar so ...
Daily price is on primary bearish market condition for testing key support level at 1.2514 to below for the bearish trend to be continuing. Chinkou Span line and Absolute Strength indicator are estimating the ranging condition, and Trend Strength indicator is evaluating the trend as the bearish in the near future. If D1 price will break 1.2514 support level on close bar so the bearish trend will be continuing. If D1 price will break ...
W1 price is on primary bullish condition with secondary correction with good possibility to reversal. The price was on correction since the middle of january this year: price was bounced from 1.2922 to start to be ranging near Senkou Span line which is the virtual border between the primary bearish and the primary bullish trend on the chart. Tenkan-sen line crossed Kijun-sen line of Ichimoku indicator to below which is indicating the primary bearish market condition in the near ...
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