Using the Ichimoku clouds TK Death Cross Strategy, I can see an incoming strong sell signal, This is due to the Tenkan-sen crossing the Kijun-sen from above to below. To solidify my signal on the TK Death Cross the current Chikou span is below the price of 26 periods ago and price is below the Kumo cloud, although it is currently thin, I expect it to expand in the future. Price has also made a retracement from resistance back to the support level of 0.97956 and is looking to continue a downtrend after a prolonged consolidation.
Fundamentally, tomorrow awaits the United States' results on CB Consumer Confidence, this measures the consumer confidence in it's economic activities. Analysts forecast a result of 126.8. A higher than expected result may influence price to violate Ichimoku's analysis, although a lower than expected result will compliment my Ichimoku cloud analysis.
Fundamentally, tomorrow awaits the United States' results on CB Consumer Confidence, this measures the consumer confidence in it's economic activities. Analysts forecast a result of 126.8. A higher than expected result may influence price to violate Ichimoku's analysis, although a lower than expected result will compliment my Ichimoku cloud analysis.