Forecasts & opinions
On the daily time-frame of the technical view, it could be observed that the downtrend is still strong and that there is a thick Kumo. Furthermore, we can see that there is strong resistance. On the contrary, the price crossed the Tekan Sen and Kijun Sen lines, as well as, the Chickou span in the price.
We may see that a reversal price found resistance on the Tekan Sen line and started heading down. However, these elements could be an indication of an early potential reversal, given that we break out of the Kumo to the upside.
|remaining time till the new event being published|
- Germany: ZEW Indicator of Economic Sentiment rose sharply in March
- UK unemployment rate unexpectedly dropped to 3.9%
- UK Brexit secretary Barclay: now in a situation where we need an extension to Brexit
- Switzerland's trade surplus rose in February