Forex Ichimoku Report – Aug . 31st
EURUSD – A weak cross but below the 3
After climbing for 8 out of 9 weeks, the EURUSD got slammed but then took a pause underneath the Tenkan – which ironically has just posted an upward cross. This really creates a cross situation, whereby the TKx move up and sharpness of the Tenkan angle suggests [...]
Forex Ichimoku Report – August 17th
EURUSD – 1st in Seven
Suffering its 1st weekly loss (and a large one at that) in 7 weeks, the pair shed 5 1/2 cents in a week which is its 3rd largest weekly loss for the year. In one fell swoop, the pair broke below the 20ema, the Kijun and landed atop the Tenkan. Here [...]
Forex Ichimoku Report – Aug. 10th
(We are back from vacation so this is the first post for the week)
EURUSD – 6 Straight
Yep, that’s correct – the EURUSD has posted 6 straight weekly upcloses. Impressive – something it has not done since late 2008! The pair has already taken out the 38.2% fib of the 09′ highs to 10′ lows at [...]
Forex Ichimoku Report July 28th
*NOTE – This is a mid-week report so we will be using only daily charts.
EURUSD – Looking Like it Wants to
Since breaking the daily kumo for the first time in the last 8 mos and the entire year of 2010, the EURUSD has performed notably consistent with a kumo break play as it has pulled [...]
Forex Ichimoku Report July 19th
EURUSD – 1st Since 2009
The EURUSD has done something it has not done since Dec. 2009 – have its 1st weekly close above the 20ema. This is significant as it has done it with style posting 5 weekly gains out of the last 6 so we are expecting this to continue.
The falling Kijun is up [...]
Forex Ichimoku Report July 12th
EURUSD – Getting Stronger, But…
The EURUSD has not climbed for 4 of the last 5 weeks which is an impressive feat for this pair, at least in the year 2010. The pair has also closed above the weekly Tenkan for the first time since December of 2009 which means the momentum for the downtrend is [...]
Forex Ichimoku Report July 6th
EURUSD – Looking Stronger
Gaining 3 out of the last 4 weeks, the Euro is getting strong and bolder day by day. I has opened above the Tenkan for the 1st time since May 10′ and beyond that its been since last year so this is a unique event suggesting a likely change in the short [...]
Forex Ichimoku Report June 28th
EURUSD – Forming a Base or Part II?
After climbing for two straight weeks, the pair has sold off another week in a peculiar fashion. How so? The pair gapped up to start the week on the Yuan float, then sold off only to bounce at the end of the week and close exactly where it [...]
Ichimoku Report June 21st
EURUSD – Can It Go For Three?
The EURUSD has done something it has been unable to do for over 60 days – have two weeks of upcloses in a row. Not only are these two upcloses strung together – but they are strong in force. Are they likely a huge amount of buying coming in [...]
Ichimoku Report June 7th
EURUSD – Despite Being Overcrowded – Breaks Key 1.2125 level
After rejecting off the 1.2130 level (50% fib of entire low-high for the pair) for two weeks, the level ultimately gave way and the pair collapsed through in friday trading touching a low of 1.1958. Since then, the pair has held its ground only shedding about [...]