,, Technical Analysis 13.03.2019 – AUD/JPY: Ichimoku clouds

Technical Analysis 13.03.2019 – AUD/JPY: Ichimoku clouds

13 / 03 / 2019 | Technical Analysis
Let's look at the four-hour chart. Tenkan-sen line has crossed Kijun-sen from below, the red line is directed upwards, while the blue one remains horizontal. Confirmative line Chikou Span is approaching the price chart from above, current cloud is descending. The instrument has been corrected to the Tenkan-sen line. The closest support level is the lower border of the cloud (78.48). The closest resistance level is Tenkan-sen line (78.66). 



On the daily chart Tenkan-sen line is crossing Kijun-sen from above, the red line is directed downwards, while the blue one remains horizontal. Confirmative line Chikou Span has crossed the price chart from above, current cloud is ascending. The instrument is trading around upper border of the cloud. The closest support level is Tenkan-sen line (78.61). One of the previous maximums of Chikou Span line is expected to be a resistance level (78.86). 



The Technical Analysis is provided by Claws and Horns (Cyprus) Limited, an independent analytical company. Any views and opinions expressed are explicitly those of the writer. Any information contained in the article, is believed to be reliable, and has not been verified by STO and is not guaranteed to be accurate. References to specific products, are for illustrative purposes only and are not a form of solicitation, recommendation or investment advice. Past performance is not a guarantee of future performance. 

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