Technical Analysis DAX & AUD/JPY
27 June, 2017
The four-hour chart above clearly shows the Tenkan-sen line crossing the Kijun-sen from the bottom of the chart, we also see the blue line moving downwards, while the red is holding horizontally. The Chikou Span confirmative line is moving towards the bottom of the chart, indicating a descending cloud. The FDAX is currently in this cloud. Support level is delineated by Tenkan-sen at the 12760.5 price level В and resistance is shown by Tenkan-sen line at 12784.8.
Also in the context of a four-hour chart the Tenkan-sen line is intersecting the Kijun-sen from the bottom of the chart while the lines remain horizontal. The Chikou Span confirmative line is bisecting the chart from the bottom, showing an ascending cloud. Currency pair has overtaken both the Tenkan-sen and Kijun-sen. The most proximate support level is set by the Tenkan-sen at 84.48. Resistance is set by Chikou Span at 85.03.
This article comprises the personal view and opinion of the STO Investment Research Desk and at no time should be construed as Investment Advice.
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