Kijun Sen Holds Resistance (with one pip) 8th Week in a row

FX:EURUSD   Euro / US-Dollar
39 0 1
This weeks close saw another doji , just below the Kijun Sen
(white equilibrium line). In fact price close at 1,09622 and the
Kijun Sen was 1,0963. It also hints the importance of the Kijun
Sen, from the large market in relation to weekly closes. The
15th June was the first failed attempt to close above it. We
have since seen 7 more weeks of Kijun Sen holding as resistance.
The faster, Tenkan Sen, (red line) is moving sideways, which
shows some bullish pressure, from the TK             cross in the beginning
of July. Unless we see a weekly close below the Monthly S1 at
1,0787 OR a close above the Kijun Sen (and preferrably also
the Monthly PP             ), price will be squeezed into an ever tighter range,
making trading decisions on higher timeframe lacking a clear
bias. The Lagging Span (purple line) still holds below price
26 periods back. It still has three weeks of clear space for a
downward move, but then it will enter above price, on the
march bear moves. This also give a hint of the window bears
have to watch, and bulls who are trying to time a long entry.
It is technically very interesting. Price will eventually break free
from the congestion. It is currently a wait and see game.
DE Deutsch
EN English
EN English (UK)
EN English (IN)
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Startseite Aktien-Screener Devisen-Screener Krypto-Screener Wirtschaftskalender So funktioniert es! Chartmerkmale Hausregeln Moderatoren Webseite & Brokerlösungen Widgets Stock Charting Bibliothek Feature-Anfrage Blog & Nachrichten FAQ - Häufige Fragen & Antworten Hilfe & Wiki Twitter
Profil Profileinstellungen Konto und Abrechnung Meine Support Tickets Support kontaktieren Veröffentlichte Ideen Followers Ich folge Private Nachrichten Chat Abmelden