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Originally Posted by samarkand
Hi newdigital
Sorry for the confusion, I was refering to the thread with the Russian PDF here - Ichimoku
I would be interested to know how your EUR daily analysis is working out?
Thankyou - samarkand
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I prefer weekly analysis.
Nothing interesing happened during the one day.
On the weekly chart the EURUSD is still on downtrend. But we have two signals for uptrend already: Tenkan-sen was crossed Kijun-sen line (on the closed bar on W1 timeframe) and according the cloud we are already up since 18th of December last year. These signals for uptrend are not very strong. But Chinkou-span line came just near the price ready to go up. So, everything is ready for good uptrend on weekly chart. But now is still downtrend. Price is reversing very slowly (need the news to do it more quickly). Some people said that if EURUSD goes up on weekly chart so it will be very bad for the economy of some country. Some brokers already said "ok" to this process (country) produced the weekly forex analysis which is similar with some political insinuations. But the EURUSD will go to uptrend anyway! Just anyway!. The problem is when it will be happened. Some news may speed this process up (uptrend).
On the daily chart we see uptrend. During the one full week already. But it is very "difficult" uptrend because price is on downtrend on W1 timeframe. Seems the W1 chart is percuading the D1 EURUSD to go together (downtrend). If so we have resistance line (border of the cloud) on D1 around 1.2012 and local resistance line about 1.2072 (if downtrend) on D1. If uptrend on D1 timeframe so we have local resistance line about 1.2206 (D1 timeframe) and 1.2198 (W1 timeframe) and next 1.2319 (W1 timeframe as well). These figures (resistance) are just near the price now. So we have a flat.
Nothing interesting.
It will be interesting when the price will go up on W1 and D1 timeframe as well all together.