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The daily review of EUR / USD as of August 13, 2018. Ichimoku Indicator

analytics5b71705f19c8d.jpg

EUR / USD

The players on the decline confirmed their desire to continue the decline. Supports noted earlier on 1.1508-15 (minimum extremum + weekly Senkou Span B) and 1.1447 (monthly Kijun) were left behind. As a result, they are now acting as resistance. The nearest guide for the bears in this situation is the area of 1.1215 - 1.1186 (historical level + monthly Fibo Kijun), then the interests will move to the landmarks of the weekly goal for the breakdown of the cloud.

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The downward trend is now in priority. The goals of the junior timeframes have been worked out for a long time, the levels of the older time intervals now serve as a downward reference. In the case of the development of an upward correction, the resistance H1 (1.1410-20) will enter the work first, then the important level is 1.1447 (Tenkan N4 + monthly Kijun), but the most important accumulation of resistances is now concentrated around 1.1510-30 (Fibo Kijun H4 + cloud H1 + levels of the senior half-times). The fastening above 1.1530 will change the balance of power not only in the lower half periods, but will also return the daily short-term advantage to the players for promotion.

Indicator parameters:

All time intervals 9 - 26 - 52

The color of indicator lines:

Tenkan (short-term trend) - red,

Kijun (medium-term trend) - green,

Fibo Kijun is a green dotted line,

Chinkou is gray,

Clouds: Senkou Span B (SSB, long-term trend) - blue,

Senkou Span A (SSA) - pink.

The color of additional lines:

Support and resistance MN - blue, W1 - green, D1 - red, H4 - pink, H1 - gray,

Horizontal levels (not Ichimoku) - brown,

Trend lines - purple.

The material has been provided by InstaForex Company - www.instaforex.com