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Trading Opportunities for EURUSD next week

11 May 2018 Marios Athinodorou

EURUSD: On this pair we observed a dropdown from 19.4.2018 based on the Ichimocu system.

The price is below the cloud and below the line Tekan sen ,Kijun sen,and chikou span might be confirming the valid kumo breakout signal.

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Trading Opportunities for GBPUSD next week

11 May 2018 Marios Athinodorou

GBPUSD: Based on the Ichimocu system the GBPUSD is in a bearish kumo breakout since 20.4.2018.

As we may notice here the price is below the kumo and all the lines Kijun sen ,tekan sen and Chikou span are also below the kumo. Tekan sen and kijun sen seem to be in a bearish formation.

The chikou span is inside the price meaning that the price may start the process for reversing.

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Market focus

  • China's home prices growth fastest in five months - NBS
  • EU сar sales returned to growth in May - ACEA
  • Bank of Japan Governor Kuroda: BOJ will debate rising overseas economic risks this week
  • Eurozone annual inflation down to 1.2% in May

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