Konstantin Boykachev

CEO Proforexea LLC

Honest Coder

Professional Trader

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Konstantin Boykachev

CEO Proforexea LLC

Honest Coder

Professional Trader

Blog Post

EUR / USD pair for September 20 – cannot overcome but they do not give up yet

September 21, 2018 Analytics

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EUR / USD pair

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Players on the rise cannot overcome the resistance levels, but they do not give up in testing the lower boundaries of the key zone of the site every day (1.1708-50). Breakdown of the zone or a retreat from it will bring the winner a preponderance of forces in the confrontation and new prospects. For players on the rise will open the possibility of lifting to the boundaries of 1.1890 – 1.1928 (weekly Kijun + monthly Tenkan), and competitors, in case of victory, will receive testing with the new forces of the key support zone 1.1570-26-00 (week Senkou Span B + monthly Senkou Span A + weekly Tenkan + daytime Kijun + daylight cloud).

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Lower timeframes now support lateral movement and uncertainty, keeping the performance of the upward target at the breakdown of the H4 cloud. But the line of change of moods is very close today, after the breakdown of 1.1671-59 (cross H4 + cloud H1), the main support for the Ichimoku indicator and the benefits can shift to the side of the players on fall. The next important guide and complete victory of the bears in the lower half times is the level of 1.1625 (Senkou Span B N4 + day Tenkan).

Indicator parameters:

all time intervals 9 – 26 – 52

Color of indicator lines:

Tenkan (short-term trend) – red,

Kijun (medium-term trend) – green,

Fibo Kijun is a green dotted line,

Chikou is gray,

clouds: Senkou Span B (SSB, long-term trend) – blue,

Senkou Span A (SSA) – pink.

Color of additional lines:

support and resistance MN – blue, W1 – green, D1 – red, H4 – pink, H1 – gray,

horizontal levels (not Ichimoku) – brown,

trend lines – purple.

The material has been provided by InstaForex Company – www.instaforex.com

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