USDJPY H1: The Ichimoku Forecast for the Asian Session on 18.12.2024
18.12.2024 00:16
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 second most important signal is the change in direction of the Kumo cloud, marked with a vertical purple line. A change in the color of the cloud to lilac indicates a transition of the priority direction of movement to downward.
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 lilac. It indicates the priority of the downward vector of price movement.
The price is inside the Kumo cloud, which indicates a market uncertainty phase. The SenkouA and SenkouB lines act as support and resistance.
Used by investors to identify a change in trend, the green Chikou line is above the price on the chart.
Trading recommendations:
The dynamic support level is on the SenkouB line, around the 153.255 mark.
Dynamic resistance levels are on the Tenkan line, around the 153.575, the Kijun line, around the 153.744, and the SenkouA line, around 153.999.
The indicator signals support a downward vector of price movement, so the search for the short positions entry points should be prioritized.
The second most important signal is the change in direction of the Kumo cloud, marked with a vertical purple line. A change in the color of the cloud to lilac indicates a transition of the priority direction of movement to downward.
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 lilac. It indicates the priority of the downward vector of price movement.
The price is inside the Kumo cloud, which indicates a market uncertainty phase. The SenkouA and SenkouB lines act as support and resistance.
Used by investors to identify a change in trend, the green Chikou line is above the price on the chart.
Trading recommendations:
The dynamic support level is on the SenkouB line, around the 153.255 mark.
Dynamic resistance levels are on the Tenkan line, around the 153.575, the Kijun line, around the 153.744, and the SenkouA line, around 153.999.
The indicator signals support a downward vector of price movement, so the search for the short positions entry points should be prioritized.