AUD/NZD: Ichimoku indicators analysis
Scenario Timeframe Intraday Recommendation BUY Entry Point 1.1050 Take Profit Stop Loss 1.1026 Key Levels 1.1026, 1.1069, 1.0985, 1.1122
Let's look at the four-hour chart. Tenkan-sen line is above Kijun-sen, the lines are horizontal . Confirmative line Chikou Span is above the price chart, current cloud is ascending. The instrument has been corrected to the Tenkan-sen line. Kijun-sen and Tenkan-sen lines have become support (1.1026) and resistance (1.1069) levels respectively
On the daily chart Tenkan-sen line is above Kijun-sen, the lines are horizontal . Confirmative line Chikou Span has crossed the price chart from below, current cloud has reversed from descending to ascending. The instrument is trading above Tenkan-sen and Kijun-sen lines; the Bullish trend is still strong. The closest support level is Tenkan-sen line (1.0985). The closest resistance level is Tenkan-sen line (1.1122).
It is recommended to open long positions at current price with Take Profit at the level of previous maximum of Chikou Span () line and Stop Loss at the level of Kijun-sen line (1.1026).
| Scenario | |
|---|---|
| Timeframe | Intraday |
| Recommendation | BUY |
| Entry Point | 1.1050 |
| Take Profit | |
| Stop Loss | 1.1026 |
| Key Levels | 1.1026, 1.1069, 1.0985, 1.1122 |
Let's look at the four-hour chart. Tenkan-sen line is above Kijun-sen, the lines are horizontal . Confirmative line Chikou Span is above the price chart, current cloud is ascending. The instrument has been corrected to the Tenkan-sen line. Kijun-sen and Tenkan-sen lines have become support (1.1026) and resistance (1.1069) levels respectively
On the daily chart Tenkan-sen line is above Kijun-sen, the lines are horizontal . Confirmative line Chikou Span has crossed the price chart from below, current cloud has reversed from descending to ascending. The instrument is trading above Tenkan-sen and Kijun-sen lines; the Bullish trend is still strong. The closest support level is Tenkan-sen line (1.0985). The closest resistance level is Tenkan-sen line (1.1122).
It is recommended to open long positions at current price with Take Profit at the level of previous maximum of Chikou Span () line and Stop Loss at the level of Kijun-sen line (1.1026).
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