daily cloud

Higher timeframes Last week, the pair closed with a candle of uncertainty, returning to the area of attraction and influence of the daily short-term trend (1.0719) and the final level of the weekly golden cross of the Ichimoku, which is currently at 1.0717. Consolidation below these levels and a breakdown of the zone of the daily upward correction (1.0636) will bring back the downward trend and bearish targets to the market.       The nearest prospects for strengthening bearish sentiment in the current situation can be noted in the support zone of 1.0579 - 1.0557 - 1.0515 - 1.0497 (monthly Fibonacci Kijun + weekly Senkou Span B + downside target for breaking the daily cloud). If buyers return to the market, attention will be focused on bullish targets, which are still located in the area of the daily cloud. The resistance levels of the daily (1.0810 - 1.0864 - 1.0918) and weekly (1.0789 - 1.0862 - 1.0866) Ichimoku crosses, as well as the daily cloud (1.0806 - 1.0956) and the monthly medium-term trend (1.0901), currently serve as bullish benchmarks.     H4 - H1 On lower timeframes, buyers currently have the upper hand. They have established themselves above key levels, turning them into supports in case of a correction. The key levels are currently located at 1.0731-18 (central pivot point + weekly long-term trend). If the ascent continues within the day, resistance from the classic pivot points R2 (1.0806) and R3 (1.0831) may come into play.     Higher timeframes Last week, buyers tested important levels, such as the weekly short-term trend (1.2492) and the final levels of the daily death cross of the Ichimoku (1.2492 - 1.2536), but were unable to close the week above them. With the start of a new trading week, these levels have maintained their positions and continue to be the nearest significant benchmarks for the emergence of new bullish prospects. The location of the most important support levels for the bears on this segment has not changed either. The support zone is quite wide and includes the levels of the weekly Ichimoku cross (1.2343 - 1.2240 - 1.2137) and the monthly medium-term trend (1.2302).     H4 - H1 On lower timeframes, the pair tested the strength of the weekly long-term trend (1.2428) and consolidated below it. The next targets for a decline are now the supports of the classic pivot points S2 (1.2373) and S3 (1.2307). Consolidation above the key levels of 1.2428 - 1.2476 (weekly long-term trend + central pivot point) will bring back the buyers. The next bullish targets within the day will be the resistances of the classic pivot points (1.2513 - 1.2579 - 1.2616).     The technical analysis of the situation uses: Higher timeframes - Ichimoku Kinko Hyo (9.26.52) + Fibo Kijun levels Lower timeframes - H1 - Pivot Points (classic) + Moving Average 120 (weekly long-term trend)      

Higher timeframes Bullish players completed the correction and updated the high, continuing the upward movement. In doing so, they entered and closed the previous day above the daily cloud. If there is consolidation in the bullish zone relative to the daily cloud, and the upward movement continues, the daily target for a cloud breakout can be added to the bullish targets.     In the meantime, the immediate target is to update the high (1.1096) and the recovery of the weekly upward trend. The upper boundary of the daily cloud (1.0970), the monthly medium-term trend (1.0901), and the area of 1.0862-69, which combines daily and weekly levels, serve as support in the current conditions.  

EUR/USD Higher timeframes     The bears once again managed to neutralize all the opponent's efforts, returning to the support and attraction zone of the monthly medium-term trend (1.0901) and the upper boundary of the daily cloud (1.0882). If the bulls fail to continue the upward move and establish a new high (1.1012) in the near future, the opposing side will set more global targets. The immediate bearish plans will include breaking the weekly supports (1.0862-66), exiting the daily cloud into bearish territory (1.0806), and eliminating the daily golden cross of the Ichimoku (1.0780), which is reinforced by the weekly medium-term trend (1.0789).      

EUR/USD   Higher Timeframes Bearish players slowly and cautiously broke through the daily cloud last week, reinforced by the weekly medium-term trend (1.0898), and closed the week below the encountered supports. Consolidation in the bearish zone relative to the cloud and continued decline opens new perspectives and opportunities. The nearest supports now are 1.0835–05 (monthly short-term trend + final level of the weekly cross). Further attention will be directed to the support of the monthly medium-term trend (1.0725) and the achievement of the daily target for breaking the Ichimoku cloud. A change of mood and a return to the market of bullish players will bring back the relevance of the attraction and influence of the weekly medium-term trend (1.0898), and above, the market will face resistance from the lower border of the daily cloud and the daily short-term trend (1.0954). There is a fairly wide resistance zone from levels of different timeframes above (1.0986 – 1.1001 – 1.1055 – 1.1112).     H4 – H1 As of writing, the main advantage on the lower timeframes belongs to the bearish players. However, the pair is in the correction zone, using the central pivot point (1.0871) as the current support. The next resistance is the weekly long-term trend (1.0896). This level is key and is responsible for the current balance of power. Consolidation above and a reversal of the moving average can transfer the main advantage to the bullish side. The next targets for the intraday rise will be the resistance levels of the classic pivot points (1.0920 – 1.0945). If the correction stops and the pair updates the low of the correction (1.0846), the downward trend will be restored. Targets for the continuation of the decline will be the supports of the classic pivot points (1.0822 – 1.0798). GBP/USD   Higher Timeframes Last week, the pair once again tested the weekly support (1.2629) for strength and again marked the slowdown and rebound. The daily cloud continued to support the bullish players. As a result, the pair consolidated above the daily short-term trend (1.2715) in the daily cloud. The unpassed and left-behind levels (1.2629 – 1.2597) still retain their value and continue to serve as the nearest important supports for this area. Just as the resistance zone 1.2816 – 1.2865 – 1.2893 – 1.2940 (levels of the daily Ichimoku cross + weekly short-term trend + lower border of the monthly cloud) has not changed its position and significance. H4 – H1 On the lower timeframes, there is uncertainty. The key levels today have joined forces around 1.2721–28 (central pivot point + weekly long-term trend). A prolonged stay above the key levels has allowed the bullish players to retain some advantage, thus forming a bullish target for breaking the H4 cloud (1.2798 – 1.2818). In the development of directional movement, the classic pivot points will come into play. The bullish players will benefit from resistances (1.2767 – 1.2805 – 1.2844), while the bearish players will need supports (1.2690 – 1.2651 – 1.2613).     ***   The technical analysis of the situation uses: Higher timeframes - Ichimoku Kinko Hyo (9.26.52) + Fibo Kijun levels Lower timeframes - H1 - Pivot Points (classic) + Moving Average 120 (weekly long-term trend