EUR/USD has rebounded off the kumo support at around 1.305 Right now it is trading right at the resistance level as shown by the kumo around 1.3187 I think this is a fairly good setup for a short for the following reason: 1. We have a bearish cross from the Tenkan sen and Kijun some… Continue reading $EURUSD (EUR/USD) . Kumo resistance
On the Daily Chart, $TRAN (Dow Jones Transport) seems to have break above the resistance level. However, the break is not convincing and this is reflected in the last 3-4 candles. On the Ichimoku Weekly Chart, the resistance level ahead is clearer. Currently, we can see that the price level is hitting against a… Continue reading $TRAN . Weekly Kumo Resistance
RIMM continues to face resistance fromt the gap down back in Sept 16. From the Ichimoku chart, unless RIMM can break through and rally above $27 before end October, the resistance level at $24 will hold.