Ichimoku analysis EU
monthly:
below Kuomo and right at Ki-jun resistance
weekly:
above Kuomo and above ki-jun support, but location looks to be rather weak. Price has to stay above 3130
daily:
above Kuomo and ki-jun; distance to Ki-jun fairly stretched; Ki-jun in sideways mode. Price may be set to test the Kuomo support between 3104 and 3030
4h:
Price above soft Kuomo support and sideways Ki-jun support. Looks rather weak. So a test of the kuomo support may encourage the bears
1h:
price above kuomo and Ki-jun; Pattern looks like to test ki-jun support at around 3284. If break, test of Kuomo support @ around 3260
There might be a good chance of break of support @ around 15:00 GMT with break of 3278
15min:
really interesting chart, because it shows, that bears may be set to have won a first battle. Price at the lower edge of kuomo. Now we need a break of 3295 to fulfill the bearish work.
But from a momentum perspective it looks like there is not enough power left to do this job right now. Maybe we need a bit of momentum recharging
monthly:
below Kuomo and right at Ki-jun resistance
weekly:
above Kuomo and above ki-jun support, but location looks to be rather weak. Price has to stay above 3130
daily:
above Kuomo and ki-jun; distance to Ki-jun fairly stretched; Ki-jun in sideways mode. Price may be set to test the Kuomo support between 3104 and 3030
4h:
Price above soft Kuomo support and sideways Ki-jun support. Looks rather weak. So a test of the kuomo support may encourage the bears
1h:
price above kuomo and Ki-jun; Pattern looks like to test ki-jun support at around 3284. If break, test of Kuomo support @ around 3260
There might be a good chance of break of support @ around 15:00 GMT with break of 3278
15min:
really interesting chart, because it shows, that bears may be set to have won a first battle. Price at the lower edge of kuomo. Now we need a break of 3295 to fulfill the bearish work.
But from a momentum perspective it looks like there is not enough power left to do this job right now. Maybe we need a bit of momentum recharging