empty
 
 
27.02.2018 10:55 AM
The daily review of the currency pair EUR / JPY on February 27, 2018. Ichimoku Indicator

EUR/JPY

This image is no longer relevant

Senior timeframes

The players on the rise continue to insist on the development of an upward correction. The transition of day Tenkan (132.08) to the side of bulls will allow to consider the development of correction to other resistance of the day cross (Fibo Kijun 133.43 + Kijun 134.21) and retest of the week-long cross passed the day before (Kijun 133.44 + Tenkan 134.21). The role of supports and targets remains the daily target for cloud breakdown and monthly Tenkan (129.95).

This image is no longer relevant

H4 - H1

The players on the rise have met at the moment quite a significant resistance, the day Tenkan (132.08), which is currently reinforcing the final frontier of the dead cross H4. Overcoming the day's short-term trend and reversal of the H4 cross will test the resistance of the H4 cloud, now strengthened by the daytime Fibo Kijun (132.48), in case of overcoming, there will be new prospects for recovery.

Indicator parameters:

All time intervals 9 - 26 - 52

The color of indicator lines:

Tenkan (short-term trend) - red,

Kijun (medium-term trend) - green,

Fibo Kijun is a green dotted line,

Chinkou is gray,

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

Senkou Span A (SSA) - pink.

The 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.

Evangelos Poulakis,
Analytical expert of InstaForex
© 2007-2024
Earn on cryptocurrency rate changes with InstaForex
Download MetaTrader 4 and open your first trade
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $1000 more!
    In April we raffle $1000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 100% Bonus
    Your unique opportunity to get a 100% bonus on your deposit
    GET BONUS
  • 55% Bonus
    Apply for a 55% bonus on your every deposit
    GET BONUS
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS

Recommended Stories

Can't speak right now?
Ask your question in the chat.
Widget callback