Brent H1: The Ichimoku Forecast for the Asian Session on 15.11.2024
15.11.2024 00:16
Técnico
Analysis of the market situation, developed in previous trading sessions, shows the intersection of the Tenkan and Kijun lines. Typically, this signal indicates an upcoming increase, but subsequently the price fell below the Tenkan line.
The second most important signal is a change in the direction of movement of the cloud Kumo. This signal is marked on the chart with a vertical purple line. The orange color of the cloud indicates a change in the priority direction of movement to upward.
The current situation:
Let's look at the main components of the indicator and their current values:
The Tenkan line remains above the Kijun line, but the price has fallen below these lines and is now holding below them.
The Kumo cloud is colored orange, indicating the market tendency to a continuing upward movement.
The price entered the Kumo cloud, which may indicate a possible trend change or a development a lateral drift phase. The SenkouA and SenkouB lines act as support and resistance. To clarify the market situation, it is worth waiting until the price fixes outside of the cloud.
The Chinkou line is now below the current price.
Trading recommendations:
Dynamic support levels are on the Kijun line, near the 72.27, and the SenkouA line, at the 71.58 level.
Dynamic resistance levels are on the Tenkan line, around the 72.37. and the SenkouB line, around the 72.28.
The indicator signals predominantly support the upward vector of movement, so the upward bounce from the defined support levels signals are prioritized intraday.
The second most important signal is a change in the direction of movement of the cloud Kumo. This signal is marked on the chart with a vertical purple line. The orange color of the cloud indicates a change in the priority direction of movement to upward.
The current situation:
Let's look at the main components of the indicator and their current values:
The Tenkan line remains above the Kijun line, but the price has fallen below these lines and is now holding below them.
The Kumo cloud is colored orange, indicating the market tendency to a continuing upward movement.
The price entered the Kumo cloud, which may indicate a possible trend change or a development a lateral drift phase. The SenkouA and SenkouB lines act as support and resistance. To clarify the market situation, it is worth waiting until the price fixes outside of the cloud.
The Chinkou line is now below the current price.
Trading recommendations:
Dynamic support levels are on the Kijun line, near the 72.27, and the SenkouA line, at the 71.58 level.
Dynamic resistance levels are on the Tenkan line, around the 72.37. and the SenkouB line, around the 72.28.
The indicator signals predominantly support the upward vector of movement, so the upward bounce from the defined support levels signals are prioritized intraday.