Ichimoku cloud indicator analysis on EURUSD for June 9, 2022.

WTI Oil Shows Signs of Short-Term Uptrend Amid Medium-Term Uptrend Phase

Relevance up to 14:00 2022-06-10 UTC+2 Company does not offer investment advice and the analysis performed does not guarantee results. The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.

Exchange Rates 09.06.2022 analysis

 

EURUSD is trading around 1.0760 and price has entered the Daily Kumo. A close inside the cloud will change trend to neutral from bearish. Bulls are not out of danger yet. In order to change trend to bullish, price must break out and above the Kumo (cloud). EURUSD continues respecting the short-term support by the tenkan-sen (red line indicator) found at 1.0707. Price is entering the cloud and this is a sign of strength. However confirmation of a trend reversal will come when and if price breaks above the upper cloud boundary at 1.0920. Until then we keep a close eye on 1/07 as a break below it will cancel any chances of a move higher.

 

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WTI Oil Shows Signs of Short-Term Uptrend Amid Medium-Term Uptrend Phase

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