NEOUSD: Analysis using Ichimoku 30/06/2020
H4
On D1, the cloud is directing downward, indicating a downtrend.
Conclusion:
Locally, we recommend selling when the RSI reaches an overbought on H4.
H1
At H4, the cloud is directing upward, indicating an uptrend. At H1, the cloud is directing upward, indicating the movement within the framework of the trend for H4.
Conclusion:
Locally, we recommend buying when the RSI reaches an oversold level at the local price correction.
On D1, the cloud is directing downward, indicating a downtrend.
Conclusion:
Locally, we recommend selling when the RSI reaches an overbought on H4.
H1
At H4, the cloud is directing upward, indicating an uptrend. At H1, the cloud is directing upward, indicating the movement within the framework of the trend for H4.
Conclusion:
Locally, we recommend buying when the RSI reaches an oversold level at the local price correction.
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