Comment
EURCAD H4 shows continuous downtrend as per below Ichimoku confirmations.
Ichimoku Trend Analysis
- Kumo (Senko span A) is down
- Kumo itself is thick and long
- Kijun sen down
- Tenkan sen down
- Chiko Span below candles
Next Scenario
Currently market has been consolidating at the support level from 1 Apr 2021. As long as market is below Tenkan sen, market could break the support.
Watching mid timeframes (H1 and M30) for trend confirmation.
EURCAD H4 shows continuous downtrend as per below Ichimoku confirmations.
Ichimoku Trend Analysis
- Kumo (Senko span A) is down
- Kumo itself is thick and long
- Kijun sen down
- Tenkan sen down
- Chiko Span below candles
Next Scenario
Currently market has been consolidating at the support level from 1 Apr 2021. As long as market is below Tenkan sen, market could break the support.
Watching mid timeframes (H1 and M30) for trend confirmation.
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Publications connexes
Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.