MG Network

something big isHappening!

In the mean time you can connect with us with via:

Copyright © Money Grows Network | Theme By Gooyaabi Templates

Money Grows Network

Archive

Powered by Blogger.

Welcome To Money Grows Network

Verified By

Verified By

2006 - 2019 © www.moneygrows.net

Investments in financial products are subject to market risk. Some financial products, such as currency exchange, are highly speculative and any investment should only be done with risk capital. Prices rise and fall and past performance is no assurance of future performance. This website is an information site only.

Popular

Pages

Expert In

Name*


Message*

Ichimoku cloud indicator analysis on EURUSD for October 11, 2021.

, , ,

EURUSD remains in a bearish trend according to the Ichimoku cloud indicator application in the 4 hour chart. Price is showing some reversal signs but trend remains bearish. Price is still below the 4 hour Kumo (cloud).

analytics6164502a127fb.jpg

Price has broken above the tenkan-sen (red line indicator) and the kijun-sen (yellow line indicator). Support by these two indicators is at 1.1565-1.1570. A 4 hour close below this support area will be a sign that a new low could be coming soon. Resistance is found at the lower cloud boundary at 1.1620. As long as price holds above the 1.1565-1.1570 support, we should be heading towards the 1.1620 level and the cloud resistance.The material has been provided by InstaForex Company - www.instaforex.com
at
Labels: , , ,