Crimea annexation was „approved” by Russia. Markets reacted but we cannot speak about a panic, or large movements. Gold may be interesting – but for now the Ichimoku still would have to fall to give a buy signal. Welcome in today’s Ichimoku Forex Review:
AUD/NZD:
Yesterday I wrote about the Australian dollar to New Zealand one and the possibility of the sale signal occurrence. Today’s candle can show once again: SELL. It should however to bear in mind the strong support and about the fact the profit-to-risk ratio can be weak.
EUR/JPY:
Lots of emotions. First reflection from the support, now sharp dive after approaching the Kijun line. Many points to further declines, but again the profit-to-risk ratio may be too small to open short position.
GBP/CHF:
Currency pair gave yesterday a sell signal and now is on a little black. It remains to wait, eventually reducing the Stop Loss by putting it above today’s highs.
USD/CAD:
Previous candle gave a weak sell signal (because the break took place from the upward cloud). There was a quite dynamic fall, but the rebound was also strong. Short positions may be considered, but only when the price will leave the Kumo.
