empty
 
 
29.03.2023 02:40 PM
Ichimoku cloud indicator analysis on EURUSD for March 29th, 2023.

This image is no longer relevant

EURUSD is trading around 1.0845. Trend in the 4 hour chart remains bullish according to the Ichimoku cloud indicator. Price is trading above the Kumo (cloud) and we recently seen the tenkan-sen (red line indicator) cross above the kijun-sen (yellow line indicator). These two indicators provide support at 1.0839-1.0822. It is important for the 4 hour candlestick pattern to respect this support level. Failure to do so would push price towards the Kumo at 1.0798. The Chikou span (black line indicator) is below the candlestick pattern (bearish). Resistance is found at 1.0890.

Earn on cryptocurrency rate changes with InstaForex
Download MetaTrader 4 and open your first trade
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $1000 more!
    In October we raffle $1000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 100% Bonus
    Your unique opportunity to get a 100% bonus on your deposit
    GET BONUS
  • 55% Bonus
    Apply for a 55% bonus on your every deposit
    GET BONUS
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS

Recommended Stories

Can't speak right now?
Ask your question in the chat.
Widget callback