EUR/NZD: Ichimoku indicators analysis

၂၀၂၆၊ နို ၁၀ ၁၉:၁၉:၀၃

Let's look at the four-hour chart. Tenkan-sen line is crossing Kijun-sen from above, the red line is directed downwards, while the blue one remains horizontal. Confirmative line Chikou Span has crossed the price chart from above, current cloud is ascending. The instrument has been corrected to the Tenkan-sen line. Borders of the cloud serve as the closest support (1.9890) and resistance (2.0035) levels

On the daily chart Tenkan-sen line is above Kijun-sen, the red line is directed upwards, while the blue one remains horizontal. Confirmative line Chikou Span is approaching the price chart from below, current cloud has reversed from descending to ascending. The instrument is trading below Tenkan-sen and Kijun-sen lines; the Bearish trend is still strong. One of the previous minimums of Chikou Span line is expected to be a support level (1.9880). One of the previous maximums of Chikou Span line is expected to be a resistance level (2.0063).

On the four-hour chart the instrument is still falling. On the daily chart we can see a correction of the upward movement. It is recommended to open short positions at current price with Take Profit at the level of previous minimum of Chikou Span line (1.9708) and Stop Loss at the level of Kijun-sen line (2.0035).

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