Category Forex

$EURUSD : Weak kumo support

The $EURUSD has fallen to 1.734 .

1. From the Ichimoku chart, we can see that a bearish cross may be forming.

2. The kumo support below is thin and there is a chance that it will goes through the support.

3. If it rebounds and did not clear 1.383, there is a chance that it will go down from there.

Watch out for the $EURUSD to break down.

$GBPUSD . Poise for a rebound?

$GBPUSD rebound

$GBPUSD Ichimoku chart is showing a possible rebound for the forex pair.

On the Ichimoku Daily Chart, it is showing possible support at around 1.5827 with previous Chikou Span support.

On top of that, GBP/USD has extended away from the Tenkan sen and it is likely to revert to ‘the mean’.


$AUDSGD . Next target 1.217

AUD/SGD continues to fall and since it breaks its Weekly kumo support in April

For now, there is no indication that it is consolidating.

Next target will be its low from Oct last year at 1.217