The daily Ichimoku chart for $EUR/USD is suggesting that the uptrend for EUR/USD is coming to an end. 1. We can see that the overall trend is flattening or hitting a plateau with the kumo turning flat. 2. A bearish cross seems to be forming between the Kijun sen and Tenkan sen 3. Support is thin… Continue reading EUR/USD . Ichimoku chart suggest weak support
This is an update to the previous $AA chart reading. Previously, it was reported that $AA has a Head and Shoulder formation. Shortly after that, $AA start moving down further and has a gap down when it reached $10. Currently, it is now trading below the kumo. With $AA being in the production of… Continue reading $AA . Below kumo. Bearish
From the Chikou Span, we can see a fairly distinct Head and Shoulder forming. On top of that the price has trade below both the Tenkan sen and Kijun sen. Further drop will definitely result in a Bearish cross.