empty
10.03.2023 04:04 PM
Ichimoku cloud indicator analysis on EURUSD for March 10th, 2023.

This image is no longer relevant

EURUSD is bouncing higher after the announcement of the better than expected non-Farm Payrolls in the US. Price is now trading above 1.0630 with bulls trying in the 4hour chart to push price above the Kumo (cloud). Today we focus on the Daily chart showing that price remains below the Kumo as we are now testing the lower cloud boundaries. In Ichimoku cloud terms EURUSD could bounce towards 1.0662 and still remain in bearish trend. In order for trend to change to neutral, we need a daily close inside the Kumo. The tenkan-sen (red line indicator) is at 1.0610 and a daily close above it will help price push towards the 1.0662 resistance area. The Chikou span (black line indicator) remains below the candlestick price (bearish). After a break below the cloud it is common to see a back test. We are currently experiencing this. A rejection at cloud resistance would be a bearish sign.

Alexandros Yfantis,
InstaForex के विश्लेषणात्मक विशेषज्ञ
© 2007-2025
समय सीमा चुनें
5
मिनट
15
मिनट
30
मिनट
1
घंटा
4
घंटे
1
दिन
1
सप्ताह
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.
    कॉन्टेस्ट में हिस्सा लें

अनुशंसित लेख

अभी बात नहीं कर सकते?
अपना प्रश्न पूछें बातचीत.
Widget callback
 

Dear visitor,

Your IP address shows that you are currently located in the USA. If you are a resident of the United States, you are prohibited from using the services of InstaFintech Group including online trading, online transfers, deposit/withdrawal of funds, etc.

If you think you are seeing this message by mistake and your location is not the US, kindly proceed to the website. Otherwise, you must leave the website in order to comply with government restrictions.

Why does your IP address show your location as the USA?

  • - you are using a VPN provided by a hosting company based in the United States;
  • - your IP does not have proper WHOIS records;
  • - an error occurred in the WHOIS geolocation database.

Please confirm whether you are a US resident or not by clicking the relevant button below. If you choose the wrong option, being a US resident, you will not be able to open an account with InstaForex anyway.

We are sorry for any inconvenience caused by this message.