Below is the weekly forecast of eurusd currency pair from July 23rd to July 28th.
Next week there are events of Fed interest decision and FOMC meeting statement.
Above chart is ichimoku kinko hyo indicator.
Tenkan line is the average value of the highest price and the lowest price during latest 9 days.
Kijun line is the average value of the highest price and the lowest price during latest 26 days. Candlesticks over cloud represent uptrend.
If price is under cloud, the trend is downward.
Chikou span is the value shifted to 26 days ago of current price.
It also represents trend.
Chikou span over past price shows strong market, vice versa.
I expect the price movements of EURUSD next week
from highest price 1.1713
which is the past meaningful spike
to lowest price 1.1507
which is the similar price of past horizontal kijun line.
Next week there are events of Fed interest decision and FOMC meeting statement.
Above chart is ichimoku kinko hyo indicator.
Tenkan line is the average value of the highest price and the lowest price during latest 9 days.
Kijun line is the average value of the highest price and the lowest price during latest 26 days. Candlesticks over cloud represent uptrend.
If price is under cloud, the trend is downward.
Chikou span is the value shifted to 26 days ago of current price.
It also represents trend.
Chikou span over past price shows strong market, vice versa.
I expect the price movements of EURUSD next week
from highest price 1.1713
which is the past meaningful spike
to lowest price 1.1507
which is the similar price of past horizontal kijun line.
