EURUSD Technical Chart 10 Dec 2010
By admin on Dec 10, 2010 with Comments 0
This is one of the example to use Doda-Donchian and Ichimoku indicator together.
From the last couple of days, we've witnessed range-bound price movement in EURUSD currency chart. Still, no one knows which position to take. The solution lies in Ichimoku indicator.
I've plotted Doda-Donchian and Ichimoku indicators in above chart. Just look at Kumo in the chart. The bottom line is flat. As explained in many of my previous posts, flat lines will always ATTRACT price. So, in this case, chart suggests that price will come down in coming days. So, avoid any long position till the price closes above kumo i.e. 1.33017 and confirmed by Doda-Donchian.
Other also read:
 |
You might also like:
Filed Under: Forex
Bullion
Bursa Malaysia
Featured
Forex
Hong Kong
India
Indicators
Misc
Tutorials
UK
USA
May 18, 2012: Fitch downgrades Greece to ‘CCC’
May 18, 2012: US bond funds witness highest inflows in five weeks
May 16, 2012: Facebook raises IPO size by 85mn shares: reports
May 9, 2012: DowJones Technical Chart | 09-May-2012
May 9, 2012: Sell GBPUSD | Technical chart | 09-May-2012
