EURUSD

eurusd5

This pair stays in side trend but Ichimoku lines setup says that we should wait for another buy signal. Kumo is bullish and Chikou Span stays above chart. First signal of going back to bullish trend will be breaking Tenkan-sen and Kijun-sen 1.0895 resistance an then break above (6/8)P 1.0925. So far price found support on pivot line 1.0864. EURUSD staying below Senkou Span B 1.0877 may cause continuation of decreases to 1.0840-1.0834 area where we can find Kumo bottom and (33/8)P line.

You can read Ichimoku strategy description here.

GBPUSD

GBPUSD

Waiting for data GBPUSD stays exactly on Tenkan-sen 1.4282 resistance. Break above this level will mean correction to Kijun-sen 1.4355 or even Senkou Span B 1.4440. Rebound from this level will be a signal of continuation of bearish trend to (0/8)P 1.4160.

YOU CAN TRADE USING ICHIMOKU STRATEGY WITH FREE FXGROW ACCOUNT.

USDCAD

usdcad3

We also have correction here. Price decreased below Tenkan-sen 1.4525 and is moving in direction of Kijun-sen 1.4395. Rebound from this level and break above Tenkan-sen will be another sell signal. In other case we will see bigger correction to Senkou Span B 1.4327.

Error, group does not exist! Check your syntax! (ID: 3)