karen péloille ichimoku market analysis forex monthly analysis · ichimoku market analysis p2...

P1

Karen Péloille

01/09/2019

FOREX

• JPY stabilizes following a

• USD remains bullish

• GBP could have made a low point > beware of Brexit news

• AUD could be building a bottom

• EUR remains neutral with no clear trend

Update on Twitter @KarenPeloille

FOREX Monthly AnalysisSeptember 2nd

following a sharp rise early August

could have made a low point > beware of Brexit news

could be building a bottom

remains neutral with no clear trend

Ichimoku Market Analysis

Monthly Analysis

Karen Péloille



P2

01/09/2019

USD Index - Monthly

After testing his Tenkan again, the index ended the month of August with a doji and came out of its cloud. A LT bullish signal is given which however must still be validated by the Lagging Span. The latter has broken his Kijun but must still cross its Tenkan to be completely free up. The next target will then be the VLT trendline.

Karen Péloille



P3

01/09/2019

USD Index - Weekly

The index evolves in a bullish channel perfectly supported by the Kijun and Tenkan. The candle of the 09/30th could indicate a continuation of this movement.

Karen Péloille



P4

01/09/2019

EURUSD - Quarterly

Here is a LT chart to highlight the key supports that should be reached. The first is the SSB below Lagging Span. If it breaks down the cloud, the decline will continue. But a rebound is also a possibility. The second support corresponds to a past SSB level. And between these two levels prices could be hampered by the support trendline. This pair is therefore testing a cluster of supports.

Karen Péloille



P5

01/09/2019

EURUSD - Monthly

Prices tested the Tenkan in August and resumed their bear trend causing the break of its Kijun by the Lagging Span > a first down signal is validated, to be confirmed by the Tenkan breakdown which is right under the first quarterly support at 1.09416.

Karen Péloille



P6

01/09/2019

EURUSD - Weekly / Monthly

The bearish trend of this pair is perfectly capped by both the Kijun and Tenkan. The breakout of 1.09416 is the next bearish signal to look for. You will note on the left the monthly Lagging Span which has broken his Kijun (green) + the WKLY Tenkan must now cross the WKLY SSB / cloud in order to validate the bearish trend continuation.

Karen Péloille



P7

01/09/2019

USDJPY - Quarterly

From my point of view this pair is of little interest with the JPY and USD both being bullish. Which explains the small size of the candles on this high time frame. The USDJPY evolves in a triangle with the cloud as support. Note the Lagging Span which refused to break twice its thin cloud, thus not validating the "bullish" signal given by prices outside their cloud. We will wait for prices exit of the triangle in a perspective of LT position.

Karen Péloille



P8

01/09/2019

USDJPY - Monthly

This pair is bearish as long as prices remain below the MTHLY cloud and the Kijun at 109.55.

Karen Péloille



P9

01/09/2019

USDJPY - Weekly / Monthly

On shorter time frame and given the piercing pattern of last week candlestick we could consider a pull back of the Lagging Span towards the trendline which means that prices could rise up to their Kijun level. Or we could also expect a bearish pursuit should this candle be invalidated with the meeting point between the Lagging Span and the longer-term support trend as next target.

Karen Péloille



P10

01/09/2019

AUDUSD - Quarterly

Here is a VLT chart to visualize the SSB + Kijun support at 0.650 / 0.640 which could stopped prices in their fall.

Karen Péloille



P11

01/09/2019

AUDUSD - Weekly/ Monthly

This pair remains bearish while prices are below the Kijun at 0.6941.

Karen Péloille



P12

01/09/2019

GBPUSD - Quarterly

Prices almost reached the VLT support trendline but the Lagging Span has still room left on the downside in order to also test this trendline at 1.16029. A double bottom could be considered on this level.

Karen Péloille



P13

01/09/2019

GBPUSD - Monthly

The August candle is neutral (doji) but this pair remains bearish while below the Tenkan.

Karen Péloille



P14

01/09/2019

GBPUSD - Weekly / Monthly

The 08/30th candlestick doesn't give a clue about what could be the next ST trend. Prices remain bearish below the Tenkan and the trendline. Note that the MTHLY Lagging Span (left) bounced on this support trendline. Should it finally breakdown the latter prices could then reached the LT trendline and even the next target at 1.16029 not far below.

Karen Péloille



P15

01/09/2019

Disclaimer

The main purpose of the analysis presented in this document is to lay out markets situations by finding out key levels to be watch closely for the week ahead. Fundamentals information is not taken into account. The information provided herein represents my personal opinion about markets possible future movements, mainly based upon the Ichimoku market reading system. Trading strategies are suggested with invalidation levels but they are not investment advices. The markets' key points put forward are only set out to help each trader build his own trading plan regarding his personal objectives and money management. I shouldn't be held responsible for the misuse of this report.

© Karen Péloille All rights of reproduction, translation and adaptation reserved for all countries.

karen péloille ichimoku market analysis forex monthly analysis · ichimoku market analysis p2...

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