Welcome in today’s preview of the most interesting currency pairs – in the terms of Ichimoku Kinko Hyo trading technique. As I mentioned in last weekly outlook we use only daily chart for our Ichimoku analysis and weekly to confirm the setups.
For today, we have only crosses: EUR/NZD, EUR/PLN, EUR/SEK and GBP/NZD.
EUR/NZD
Pair breaks above the downward cloud. This is a weak purchase signal, but we can consider it. Long term trend (weekly) is downward, but there is a opportunity of a broader correction.
EUR/PLN
There is an ongoing upward trend (D1) on single currency to polish zloty. Cross respects Kijun line as a support, so eventual long positions may be a good idea. Weekly chart may confuse as a little – because the price is approaching the cloud. But long position with good SL below the last minimum will give 2:1 RR ratio.
EUR/SEK
I wrote about sell signal on this pair earlier. There is ongoing upward correction, which gives opportunity to open positions with really tight stop loss (above the Monday’s maximum). It may give event 10:1 risk-reward ratio.
GBP/NZD
Cross rebounded recently. I was showing this pair twice – as occasion to open long position during last correction. The first target is localized in the vicinity of last Wednesday maximum. The next one is the January resistance, which gives 450 pips growth potential.
