Ichimoku Clouds. Review of XAU/USD

February 19, 2015

Let’s look at the four-hour chart. Tenkan-sen line is below Kijun-sen, they are both horizontal. Chinkou Span line is below the price chart; current Kumo-cloud is descending. The pair has broken through Tenkan-sen and Kijun-sen lines, the latter becomes a support level (1216.88). The next obstacle for the price on its way up will be the lower border of the cloud (1227.81).

On the daily chart Tenkan-sen line is also below Kijun-sen, the red line is directed steeply down down, while the blue one remains horizontal. Chinkou Span line has crossed the price chart from above; Senkou Span A and Senkou Span B lines have merged prior to the cloud reversal. The pair has bounced of the upper border of the cloud (1205.78). Tenkan-sen lineis the closest resistance (1221.52) level.

Key levels
Support levels: 1216.88, 1205.78.
Resistance levels: 1221.52, 1227.81.

Trading tips
On the four-hour chart we can see the beginning of trend reversal, on the daily on the pair has bounced of support level of Senkou Span A line. Short-term buy orders can be opened at current price with targets at 1221.52 and 1227.81.

Publication source
LiteForex information  LiteForex reviews

September 28, 2016
Asian shares traded in green as Europe slowly plunges
US Dollar can't get out of the range of 95.00-95.50 after the FED has investors waiting for the results of Algiers meeting, where Oil officials will try to work out measures to level energy market volatility...
September 28, 2016
Sagging Fed expectations
As discussed yesterday, markets will increasingly obsess about the US election over the coming few weeks, but beneath that the economy will determine if the Fed hikes interest rates before the year is out...
September 28, 2016
Market volatility on a comeback
Financial markets may experience extreme levels of volatility in the coming weeks as the catalytic combination of sporadic oil prices, ongoing Brexit anxieties and anticipation ahead of the U.S presidential election leave investors on edge...

Orbex Rating
FBS Rating
XM Rating
Fort Financial Services Rating
FxPro Rating
FOREX.com Rating

Anyoption Rating
Beeoptions Rating
TropicalTrade Rating
TopOption Rating
EZTrader Rating
365BinaryOption Rating