Welcome in today’s Ichimoku Forex Review. Without unnecessary words of introductions – let’s start:
EUR/AUD H4:
The price clearly rebounded from the cloud, Kumo in the future will be increasing. What is more Kijun line is respected. All this points to the possibility of growth.
EUR/AUD D1:
On the daily chart you can see how the prices follows the cloud, growing along with it – that may confirm the possibility of further increases.
EUR/USD:
Eurodollar broke the cloud giving a buy signal. The position is worth considering.
USD/CHF:
A very interesting situation on this currency pair. Price has come to the resistance and the Kijun line. Rebound from it will be a strong sell signal.
XAU/USD:
Finally! We have a deeper gold correction. Chinkou Span unfortunately descended below the price and we should wait until it will be above and then open long. This may happen tomorrow and if, will give excellent signal to join the dynamic upward trend.
