Published On: Thu, Feb 23rd, 2017

AUD/JPY: Ichimoku clouds

InstaForex
Let’s look at the four-hour chart. Tenkan-sen line is above Kijun-sen, the lines are horizontal . Confirmative line Chikou Span is crossing the price chart from above, current cloud is going to reverse from ascending to descending. The instrument is trading between Tenkan-sen and Kijun-sen lines. The closest support level is Kijun-sen line (86.89). The closest resistance level is Tenkan-sen line (87.02). On the daily chart Tenkan-sen line is above Kijun-sen, the lines are horizontal . Confirmative line Chikou Span is above the price chart, current cloud is ascending. The instrument is trading between Tenkan-sen and Kijun-sen lines. The closest support level is Kijun-sen line (86.68). The closest resistance level is Tenkan-sen line (87.23).
On the four-hour chart the instrument is trading within the cloud. On the daily chart the Bullish trend is still strong. It is recommended to open long positions at current price with Take Profit at the level of previous maximum of Chikou Span (88.01) line and Stop Loss at the level of Kijun-sen line (86.68).

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Аналитика Форекс

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