AUD/CAD: ICHIMOKU INDICATORS ANALYSIS

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AUD/CAD: ICHIMOKU INDICATORS ANALYSIS
Scenario
TimeframeIntraday
RecommendationSELL
Entry Point0.9064
Take Profit0.8933
Stop Loss0.9096
Key Levels0.8933, 0.9006, 0.9096, 0.9113
AUD/CAD: ICHIMOKU INDICATORS ANALYSIS

Let's look at the four-hour chart. Tenkan-sen line is below Kijun-sen, the blue line is directed downwards, while the red one remains horizontal. Confirmative line Chikou Span is below the price chart, current cloud is descending. The instrument is trading between Tenkan-sen and Kijun-sen lines. The closest support level is Kijun-sen line (0.9096). One of the previous maximums of Chikou Span line is expected to be a resistance level (0.8933).


AUD/CAD: ICHIMOKU INDICATORS ANALYSIS

On the daily chart Tenkan-sen line is below Kijun-sen, the red line is directed downwards, while the blue one remains horizontal. Confirmative line Chikou Span is below the price chart, current cloud is ascending. The instrument has entered the cloud. The closest support level is the lower border of the cloud (0.9006). The closest resistance level is the lower border of the cloud (0.9113).


On the four-hour chart the instrument is still falling. On the daily chart the instrument is trading within the cloud. It is recommended to open short positions at current price with Take Profit at the level of previous minimum of Chikou Span line (0.8933) and Stop Loss at the level of Kijun-sen line (0.9096).


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