EURUSD H1: The Ichimoku Forecast for the American Session on 12.3.2025
12.03.2025 15:46
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.
In addition, the price is above the Kumo cloud, which acts as a potential support zone.
Used by investors to identify a change in trend, the green Chikou line is above the price on the chart.
Trading recommendations:
Dynamic support levels are on the SenkouA line, at the level of the 1.08712, and the SenkouB line, around the 1.08627.
Dynamic resistance levels are on the Tenkan line, around the 1.09034 mark, and the Kijun line, around the 1.09115 mark.
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.
In addition, the price is above the Kumo cloud, which acts as a potential support zone.
Used by investors to identify a change in trend, the green Chikou line is above the price on the chart.
Trading recommendations:
Dynamic support levels are on the SenkouA line, at the level of the 1.08712, and the SenkouB line, around the 1.08627.
Dynamic resistance levels are on the Tenkan line, around the 1.09034 mark, and the Kijun line, around the 1.09115 mark.