AUD/CAD: ICHIMOKU INDICATORS ANALYSIS

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AUD/CAD: ICHIMOKU INDICATORS ANALYSIS
Scenario
TimeframeIntraday
RecommendationBUY
Entry Point0.9179
Take Profit0.9277
Stop Loss0.9154
Key Levels0.9145, 0.9213, 0.9102, 0.9267
AUD/CAD: ICHIMOKU INDICATORS ANALYSIS

Let's look at the four-hour chart. Tenkan-sen line has crossed Kijun-sen from above, the lines are horizontal . Confirmative line Chikou Span is approaching the price chart from above, current cloud is ascending. The instrument has broken through Tenkan-sen and Kijun-sen lines. The closest support level is Tenkan-sen line (0.9145). One of the previous maximums of Chikou Span line is expected to be a resistance level (0.9213).


AUD/CAD: ICHIMOKU INDICATORS ANALYSIS

On the daily chart Tenkan-sen line has crossed Kijun-sen from below, the blue line is directed downwards, while the red one remains horizontal. Confirmative line Chikou Span is approaching the price chart from below, current cloud is going to reverse from descending to ascending. The instrument has entered the cloud. The closest support level is Tenkan-sen line (0.9102). The closest resistance level is Tenkan-sen line (0.9267).


It is recommended to open long positions at current price with Take Profit at the level of previous maximum of Chikou Span (0.9277) line and Stop Loss at the level of Kijun-sen line (0.9154).


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