AUD/USD has broken through Tenkan-sen and Kijun-sen lines and is going to enter the cloud

February 5, 2015


Let’s look at the four-hour chart. Tenkan-sen line is above Kijun-sen, both lines are horizontal. Chinkou Span line has crossed the price chart from below, giving an additional signal to buy. Current cloud remains descending. The pair has broken through Tenkan-sen and Kijun-sen lines and is going to enter the cloud. The closest support level is Tenkan-sen line (07791). Lower border of the cloud is a resistance level at 0.7841.


On the daily chart Tenkan-sen line is below Kijun-sen, the red line is directed downwards, while the blue one remains horizontal. Chinkou Span line is below the price chart, current cloud is descending. Resistance levels are Tenkan-sen (0.7824) and Kijun-sen (0.7959) lines. One of the previous minimums of Chinkou Span line is expected to be a support level at 0.7590.

Key levels

Support levels: 0.7791, 0.7590.

Resistance levels: 0.7824, 0.7841, 0.7959.

Trading tips

On the four-hour chart we can see a trend reversal, although daily chart shows only a correction. First target for the long positions is 0.7841, the next one will be 0.7959.

Anastasiya Glushkova
Analyst of LiteForex Investments Limited

Publication source
LiteForex information  LiteForex reviews

February 24, 2017
Oil prices slightly grew
Brent oil prices extended their recovery in the Asian session on Thursday. Buyers led the price higher and broke 56.50 dollars per barrel in the early European morning...
February 24, 2017
Dollar drifts on Fed's lack of optimism
FOMC February meeting minutes released on Wednesday failed to provide support for the bulls to manage a sustainable breakout above 101.50...
February 24, 2017
Can gold continue post Fed rally?
Gold jumped to a 3 month high today, snapping a 3-day losing streak today after traders digested yesterday’s minutes meeting from the US Federal Reserve...

FX Giants Rating
Vantage FX Rating
OANDA Rating
FIBO Group Rating
FxPro Rating
Exness Rating

Binary Brokerz Rating
TropicalTrade Rating
First Binary Option Service Rating Rating
OptionFair Rating
OptionTrade Rating