Ichimoku cloud indicator analysis on July 5th, 2023
July 5, 2023 2:22 pm
EURUSD is trading around 1.0897. With price making a daily low around 1.0867 just above the cloud, bulls continue to remain in control of the trend in the Daily chart according to the Ichimoku cloud indicator. Price remains below the tenkan-sen (red line indicator) which remains the key short-term resistance at 1.0906. The kijun-sen (yellow line indicator) remains below the current price providing support at 1.0823 where we also find the lower cloud boundary. The Chikou span (black line indicator) is still above the candlestick pattern (bullish).
The material has been provided by InstaForex Company – www.instaforex.com
EURUSD is trading around 1.0897. With price making a daily low around 1.0867 just above the cloud, bulls continue to remain in control of the trend in the Daily chart according to the Ichimoku cloud indicator. Price remains below the tenkan-sen (red line indicator) which remains the key short-term resistance at 1.0906. The kijun-sen (yellow line indicator) remains below the current price providing support at 1.0823 where we also find the lower cloud boundary. The Chikou span (black line indicator) is still above the candlestick pattern (bullish).
The material has been provided by InstaForex Company – www.instaforex.com
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