Analysis

2018-10-18
04:15 pmKey Releases
02:01 pmBrentBrent Crude Oil: general analysis
01:00 pmGBP/USDGBP/USD: general review
10:58 amAUD/USDAUD/USD: general analysis
09:58 amCACCAC: technical analysis
09:51 amUSD/CHFUSD/CHF: technical analysis
09:30 amGBP/USDRetail Sales. UK, 10:30 (GMT+2)
09:18 amGoldXAU/USD: gold prices are corrected
09:07 amMorning Market Review
08:59 amNZD/USDNZD/USD: the pair is consolidating
08:33 amUSD/CADUSD/CAD: wave analysis
08:31 amUSD/JPYUSD/JPY: wave analysis
08:27 amEUR/USDEUR/USD: the Euro returned to declining
07:38 amEUR/JPYEUR/JPY: Ichimoku clouds
01:30 amAUD/USDUnemployment Rate. Australia, 02:30 (GMT+2)
01:30 amAUD/USDEmployment Change. Australia, 02:30 (GMT+2)
12:50 amUSD/JPYTrade Balance. Japan, 01:50 (GMT+2)
2018-10-17
09:21 pmEUR/GBPEUR/GBP: Ichimoku clouds
07:00 pmEUR/USDFOMC Meeting Minutes. USA, 20:00 (GMT+2)
03:57 pmKey releases

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18-10-2018 09:21 pm EUR/GBP
EUR/GBP: Ichimoku clouds


Let's look at the four-hour chart. Tenkan-sen and Kijun-sen lines have merged, the lines are horizontal . Confirmative line Chikou Span is approaching the price chart from above, current cloud is descending. The instrument is trading below Tenkan-sen and Kijun-sen lines; the Bearish trend is still strong. The closest support level is the lower border of the cloud (0.8760). The closest resistance level is the lower border of the cloud (0.8820).




On the daily chart Tenkan-sen line is below Kijun-sen, the red line is directed downwards, while the blue one remains horizontal. Confirmative line Chikou Span is below the price chart, current cloud is descending. The instrument is trading below Tenkan-sen and Kijun-sen lines; the Bearish trend is still strong. One of the previous minimums of Chikou Span line is expected to be a support level (0.8724). The closest resistance level is Tenkan-sen line (0.8785).


On the four-hour chart the instrument is trading within the cloud. On the daily chart the Bearish trend is still strong. It is not recommended to open positions at current price. Pending orders should be placed at the cloud’s borders: sell at the level of 0.8760, with Take Profit at 0.8710 and Stop Loss at 0.8820; buy at the level of 0.8820, with Take Profit at 0.8945 and Stop Loss at 0.8760.