Well, the year has just started, but Norway Manufacturing PMI and its breakdown published this morning was very positive. --> Please see my today Twitter post
Technically the pair is in consolidation, but very close to a major breakdown and strategic sell signal.
Weekly:
- Ichimoku has bearish bias (until price holds below Kijun Sen). Weekly support is 9,21+
- Heikin-Ashi may give a sell signal this week -> pls see how haDelta and haOscillator are rolling over.
- EWO and MACD both bearish, but also both shows consolidation phase
- Should price break the lower bound of the consolidation range (8,95), that would also mean a break of the 4 years long bullish trendline!
Daily:
- Ichimoku picture is neutral, Price is at Kumo supp/res. This Kumo cloud ahead. Lower key is Kijun Sen at 9,0225. A break below would accelerate selling.
- Heikin-Ashi signal is bearish-like, with red, but still small candle bodies and haDelta/SMA3 below zero, but not yet confirmed.
Technically the pair is in consolidation, but very close to a major breakdown and strategic sell signal.
Weekly:
- Ichimoku has bearish bias (until price holds below Kijun Sen). Weekly support is 9,21+
- Heikin-Ashi may give a sell signal this week -> pls see how haDelta and haOscillator are rolling over.
- EWO and MACD both bearish, but also both shows consolidation phase
- Should price break the lower bound of the consolidation range (8,95), that would also mean a break of the 4 years long bullish trendline!
Daily:
- Ichimoku picture is neutral, Price is at Kumo supp/res. This Kumo cloud ahead. Lower key is Kijun Sen at 9,0225. A break below would accelerate selling.
- Heikin-Ashi signal is bearish-like, with red, but still small candle bodies and haDelta/SMA3 below zero, but not yet confirmed.
