EM Currencies Show Weakness On H1 Time

The above chart shows the hourly ichimoku cloud of FXCM's emerging market currencies index - EMBASKET. The observations are as follows:
- The lime green leading span A had crossed below the red leading span B.
- The forward cloud is light pink and indicates resistance.
- Price is below the black base line and the base line is moving in a bearish direction.
- The orange lagging span is below price, which is indicative of weakness.

These observations suggest an element of bearishness for FXCM's EMBASKET.