Published On: Wed, Feb 22nd, 2017

CAC: Ichimoku clouds

InstaForex
Let’s look at the four-hour chart. Tenkan-sen and Kijun-sen lines have merged, the blue line is directed downwards, while the red one remains horizontal. Confirmative line Chikou Span is approaching the price chart from below, current cloud is ascending. The instrument is trading above Tenkan-sen and Kijun-sen lines; the Bullish trend is still strong. Merged Tenkan-sen and Kijun-sen lines have become a strong support level (4884.4). One of the previous maximums of Chikou Span line is expected to be a resistance level (4904.6). On the daily chart Tenkan-sen line has crossed Kijun-sen from below, the red line is directed upwards, while the blue one remains horizontal. Confirmative line Chikou Span is crossing the price chart from below, current cloud is ascending. The instrument is trading above Tenkan-sen and Kijun-sen lines; the Bullish trend is still strong. The closest support level is Tenkan-sen line (4877.6). One of the previous maximums of Chikou Span line is expected to be a resistance level (4937.9).
It is recommended to open long positions at current price with the target at the level of previous maximum of Chikou Span line (4915.5) and Stop Loss at the upper border of the cloud (4886.0).

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Аналитика Форекс

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