EURAUD on the daily chart view;
Ichimoku;
Take a good look at the bright-green MA (which the price is currently resting on); it is looking ready to close downwards - like the jaws of a crocodile ready to close-down (as you can see back in history; this price action always has to happen)... Nevertheless, there are some very thick cloud resistances positioned just below (as you can see); that means, the price has a high probability of bouncing back-off upwards once again...; but a stronger price action will try to break-through the clouds, and the thinner the clouds, the easier it will be for the price to break-across...
In addition, also please pay attention to the RSI indicator; the price is currently located quite near to the overbought line at 75.0000; the price looks to be turning back downwards...
Best regards.
Ichimoku;
Take a good look at the bright-green MA (which the price is currently resting on); it is looking ready to close downwards - like the jaws of a crocodile ready to close-down (as you can see back in history; this price action always has to happen)... Nevertheless, there are some very thick cloud resistances positioned just below (as you can see); that means, the price has a high probability of bouncing back-off upwards once again...; but a stronger price action will try to break-through the clouds, and the thinner the clouds, the easier it will be for the price to break-across...
In addition, also please pay attention to the RSI indicator; the price is currently located quite near to the overbought line at 75.0000; the price looks to be turning back downwards...
Best regards.
Nota
Important to note that the bright-green MA cannot drift away too far from the bright-red MA. (They will have to close-down & cross-over at some point in time...) The bright-green MA tags along with the price-line very closely...
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.