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[QUOTE="AlexanderLiteForex, post: 47740, member: 22090"] [b]Forex: Ichimoku Clouds. Review of AUDUSD[/b] [b]AUDUSD, H4[/b] On the four-hour chart Tenkan-sen line is above Kijun-sen, the red line is directed upwards, but the blue one stays horizontal. Chinkou Span line is above the price chart, current Kumo is ascending. Since yesterday the price has been fluctuating within a channel corresponding to the cloud. A strong resistance level is flat Kumo top at 0.9191. The resistance level is Senkou Span A line (0.9127). [img]http://www.liteforex.com/uploads/other/5c90a80ab790c5f6f232449aff47a665.png[/img] [b]AUDUSD, D1[/b] Let’s look at the daily chart. Tenkan-sen line is below Kijun-sen, and the price is squeezed between them. Chinkou Span line is below the price chart, current Kumo is descending. Kijun -sen line remains the closest resistance level at 0.9351. One of the previous minimums of Chinkou Span line is expected to be a resistance level at 0.8816. [img]http://www.liteforex.com/uploads/other/f6e6c84d4c6642f280d452cf4b6853a0.png[/img] [b]Key levels[/b] Support levels: 0.8816, 0.9127. Resistance levels: 0.9191, 0.9351. [b]Trading tips[/b] On the four-hour chart the price is still within the cloud borders, it is not advisable to open new trades. The further movement of the price will be determined by the breakdown of one of the cloud borders. The chart of the higher timeframe confirms the descending trend. [i]Anastasiya Glushkova Analyst of LiteForex Group of Companies[/i] [/QUOTE]
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