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Thread: Discuss the USD/JPY with a DailyFX Analyst
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Old 06-29-2009, 09:44 AM
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Quote:
Originally Posted by fazi View Post
Hello everyone,

I don`t have much experience with ichimoku and I see some of You use it in your anlysys.

I have a following question - do You use ichimoku on weekly charts? If the answer is yes - should it have priority to daily ichimoku readings?

The question has risen because on dailies yen crosses sit on a cloud support, but on the other hand - weekly charts show a cloud resistance resulting with last week bearish action. In fact, only audjpy has managed to touch upper band of a cloud and was forced back down - all the others were pushed lower by a lower band of the cloud.

Thanks in advance

BTW - weekly ichimoku resistance seems to go inline with Cmellon`s delta analysys - cheers C - I see you`re online

Patryk
here you can find some of the best cloud analysis and get straight answers

Peaches`s trading log - Page 13 - Forex Factory
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