USDCHF Close another breakeven

tradingfields.com
USDCHF Close another breakeven
USDCHF Close another breakeven
8th July 2016 contacttf
The Ichimoku Cloud, also known as Ichimoku Kinko Hyo, is a versatile indicator that defines support and resistance, identifies trend direction, gauges momentum and provides trading signals.

Another new pair traded today.

The Ichimoku Cloud, also known as Ichimoku Kinko Hyo, is a versatile indicator that defines support and resistance, identifies trend direction, gauges momentum and provides trading signals.

I was hoping for a quick downward slide.

Tenkan-sen (Conversion Line): (9-period high + 9-period low)/2)) The default setting is 9 periods and can be adjusted. On a daily chart, this line is the mid point of the 9 day high-low range, which is almost two weeks. Kijun-sen (Base Line): (26-period high + 26-period low)/2)) The default setting is 26 periods and can be adjusted. On a daily chart, this line is the mid point of the 26 day high-low range, which is almost one month). Senkou Span A (Leading Span A): (Conversion Line + Base Line)/2)) This is the midpoint between the Conversion Line and the Base Line. The Leading Span A forms one of the two Cloud boundaries. It is referred to as "Leading" because it is plotted 26 periods in the future and forms the faster Cloud boundary. Senkou Span B (Leading Span B): (52-period high + 52-period low)/2)) On the daily chart, this line is the mid point of the 52 day high-low range, which is a little less than 3 months. The default calculation setting is 52 periods, but can be adjusted. This value is plotted 26 periods in the future and forms the slower Cloud boundary. Chikou Span (Lagging Span): Close plotted 26 days in the past The default setting is 26 periods, but can be adjusted.

The move bounced at 0.9760. Looking at the 5min chart. The lagging span bounched of price line at this point.

The Cloud (Kumo) is the most prominent feature of the Ichimoku Cloud plots.

 

#trade #forex #swiss #markets #dollar

8th July 2016
Categories:USDCHF
Tags:,
0 Comments
0 Likes

Related Articles

USDCHF LOSS

USDCHF LOSS

by
USDCHF LOSS

USDCHF LOSS

by
GBPUSD BREAKEVEN

GBPUSD BREAKEVEN

by
USDCHF LOSS

USDCHF LOSS

by

0 Comments

Leave a reply

Your email address will not be published. Required fields are marked *

*