Analysis

2018-12-18
11:47 amBrentBrent Crude Oil: general review
11:39 amUSD/JPYUSD/JPY: general analysis
11:14 amSPXSPX: general review
10:56 amUSD/CHF: wave analysis
10:54 amAUD/USDAUD/USD: wave analysis
10:31 amGoldXAU/USD: technical analysis
10:00 amEUR/USDGerman Ifo Business Climate Index. Germany, 11:00 (GMT+2)
09:47 amUSD/CADUSD/CAD: the instrument is rising
09:21 amMorning Market Review
08:47 amNZD/USDNZD/USD: the New Zealand dollar is trading in both directions
08:26 amEUR/USDEUR/USD: the euro is recovering
07:02 amEUR/JPYEUR/JPY: Ichimoku clouds
01:30 amAUD/USDRBA Meeting Minutes. Australia, 02:30 (GMT+2)
2018-12-17
08:37 pmEUR/JPYEUR/JPY: Ichimoku clouds
04:35 pmKey events
01:57 pmEUR/USDEUR/USD: general review
01:43 pmUSD/CHFUSD/CHF: technical analysis
01:03 pmNZD/USDNZD/USD: general analysis
12:32 pmGBP/USDGBP/USD: general analysis
11:33 amSX5ESX5E: technical analysis

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18-12-2018 08:37 pm EUR/JPY
EUR/JPY: Ichimoku clouds


Let's look at the four-hour 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 ascending. The instrument has broken down the cloud and slowed down its fall. One of the previous minimums of Chikou Span line is expected to be a support level (127.70). The closest resistance level is Tenkan-sen line (128.30).




On the daily chart Tenkan-sen line is crossing Kijun-sen from below, the lines are 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 (127.66). The closest resistance level is Kijun-sen line (128.38).


On the four-hour chart we've got a signal of trend reversal from ascending to descending. On the daily chart the Bearish trend is still strong. It is recommended to open short positions at current price with Take Profit at the level of previous minimum of Chikou Span line (127.66) and Stop Loss at the level of Kijun-sen line (128.38).