Forex: Ichimoku Clouds. Review of AUD/USD
AUD/USD, H4
На четырёхчасовом графике линия Tenkan-sen находится выше Kijun-sen. После продолжительного роста цена откатилась ниже уровня Kijun-sen, который становится сопротивлением (0.9227). Линия Chinkou Span приближается к графику цены сверху, текущее облако ― восходящее. Ближайшее препятствие на пути цены вниз ― верхняя граница облака (0.9134-0.9154).
AUD/USD, D1
On the four-hour chart Tenkan-sen line is above Kijun-sen line. After long growth the price has consolidated under Kijun-sen line which becomes a resistance level at 0.9227. Chinkou Span is approaching the price chart from above; current cloud is ascending. The next obstacle for the price on its way down will be upper border of the cloud (0.9134-0.9154).
Key levels
Support levels: 0.9134-0.9154, 0.9163.
Resistance levels: 0.9227, 0.9319.
Trading tips
On the four-hour chart we can see a development of trend reversal. Short positions can be opened after confirmation signal from Chinkou Span line. On the daily chart the price is still within the cloud; it is not advised to open new long-term trades. Pending sell orders can be placed at the lower border of the cloud, pending buy orders ― at the upper one.
Anastasiya Glushkova
Analyst of LiteForex Group of Companies