Weekly:
- Ichimoku setup turned more neutra: Price below Kijun, forward Kumo ahead shades price. Average lines flat.
- I expect 161,50 - 166,40 range to hold for this year
- Heikin-Ashi signal is swing bearish
- EWO neutral
- MACD signal with Price below Kijun Sen confirms the market stopped trending higher and is moving in a sideaway range. Based on how far MACD signal line is above zero, and how thick Kumo we have below price, it will take a very long time before this market can reverse strategic bearish
Daily:
- Ichimoku setup is bearish until price holds below 165,50
- Heikin-Ashi signal: start of consolidation / pull back.
- Bearish supports are: 164,50 and 165,40. Based on how strong risk off sentiment will be in coming days (weeks), we may see retest up to these levels.
- EWO is bearish, but chance it makes a local bottom
Strategy: reduce shorts. If you think about swing long, you may try it in small, but in that case US10y ($ZN) can be a better choice.
- Ichimoku setup turned more neutra: Price below Kijun, forward Kumo ahead shades price. Average lines flat.
- I expect 161,50 - 166,40 range to hold for this year
- Heikin-Ashi signal is swing bearish
- EWO neutral
- MACD signal with Price below Kijun Sen confirms the market stopped trending higher and is moving in a sideaway range. Based on how far MACD signal line is above zero, and how thick Kumo we have below price, it will take a very long time before this market can reverse strategic bearish
Daily:
- Ichimoku setup is bearish until price holds below 165,50
- Heikin-Ashi signal: start of consolidation / pull back.
- Bearish supports are: 164,50 and 165,40. Based on how strong risk off sentiment will be in coming days (weeks), we may see retest up to these levels.
- EWO is bearish, but chance it makes a local bottom
Strategy: reduce shorts. If you think about swing long, you may try it in small, but in that case US10y ($ZN) can be a better choice.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.