You can read Ichimoku strategy description here.

Due to the holiday season and small volatility of the currencies, we should take a closer look at lower TFs – in example H1.

EUR/USD

eu4

EUR/USD finds itself inside the Kumo, Chikou Span is above the chart and Tenkan-sen broke above Kijun-sen. It may indicate, that EUR/USD will move back to Kijun-sen 1.0743 and then rebound higher to the Kumo upper limit 1.0906. Moving below (3/8)P 1.0834 will mean that EUR/USD wants to move back to the downtrend, where further Murrey’s lines will work as a potential target.

NZD/USD

nu4

The first approach to break above Kumo at NZD/USD did not end well. Tenkan-sen and (5/8)P works as a support near 0.6744. As long as price stays above it, further development of the uptrend to 0.8775 and 0.6805 is the most likely scenario. Moving below Kijun-sen 0.6731 may indicate that sideways trend is still active and possible decline to Kumo 0.6714.

USD/CAD

USDCAD2

USD/CAD stays near support level (4/8)P 1.3916. Chikou span moves below the price, but moving above Tenkan-sen and (5/8)P 1.3947 should generate another purchase signal. Potential target in such case may be found near (8/8)P 1.4038.

YOU CAN TRADE USING ICHIMOKU STRATEGY WITH FREEFXGROW ACCOUNT.

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