EURUSD H1: The Ichimoku Forecast for the Asian Session on 13.3.2025
13.03.2025 00:31
Technical
The main signal of the latest trading sessions is the intersection of the Tenkan and Kijun lines, marked on the chart with a pink square. This is a negative signal. It indicates a change in the upcoming trend to a downward one.
The current situation
Let's look at the main components of the indicator and their current values:
The price is below the Tenkan and Kijun lines, indicating the prevalence of downward pressure.
The Kumo cloud is colored orange, indicating the market tendency to a continuing upward movement.
The price is inside the Kumo cloud, which indicates a market uncertainty phase. The SenkouA and SenkouB lines act as support and resistance.
Used by investors to identify a change in trend, the green Chikou line is above the price on the chart.
Trading recommendations:
The dynamic support level is on the SenkouB line, around the 1.08759 mark.
Dynamic resistance levels are on the Tenkan line, around the 1.09015, the Kijun line, around the 1.09031, and the SenkouA line, around 1.08980.
The current situation
Let's look at the main components of the indicator and their current values:
The price is below the Tenkan and Kijun lines, indicating the prevalence of downward pressure.
The Kumo cloud is colored orange, indicating the market tendency to a continuing upward movement.
The price is inside the Kumo cloud, which indicates a market uncertainty phase. The SenkouA and SenkouB lines act as support and resistance.
Used by investors to identify a change in trend, the green Chikou line is above the price on the chart.
Trading recommendations:
The dynamic support level is on the SenkouB line, around the 1.08759 mark.
Dynamic resistance levels are on the Tenkan line, around the 1.09015, the Kijun line, around the 1.09031, and the SenkouA line, around 1.08980.