Welcome in today’s market review using Ichimoku trading technique:
EUR/USD:
Eurodollar is undergoing a correction, going down and sticking to the upper Ichimoku cloud limit. Tomorrow we might see a good buy signal from the cloud bottom. Kijun and Tenkan lines may be worrying – there are above the price.
USD/CHF:
Yesterday I wrote about potential sell signal on this pair. Kijun line was punctured with a vengeance and the signal has occurred. Currently, the price approached Kumo and if it bounces from it, we may consider opening shorts.
XAU/USD:
Ongoing correction on gold. If the price break the Kijun line it may be a buy signal. XAU/USD is in a dynamic uptrend, so it is worthy to play long positions.
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