Tuesday, 11 December 2018

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Forex: Ichimoku Clouds. Review of NZD/USD

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NZD/USD, H4 Let’s look at the four-hour chart. Tenkan-sen line is above Kijun-sen, they are both directed upwards. Chinkou Span line is above the price chart; current Kumo-cloud is ascending. The pair is still rising towards the level of 0.6491. The closest support level is Tenkan-sen line (0.6427).

nzd 2

  NZD/USD, D1 On the daily chart Tenkan-sen and Kijun-sen lines have merged below the cloud and can soon form a signal to buy. Chinkou Span line has crossed the price chart from above, current cloud is descending. The pair has entered the cloud and is trying to break through its upper border (0.6591). The support level will be Kijun-sen line (0.6367).

nzd

  Key levels Support levels: 0.6427, 0.6367. Resistance levels: 0.6491, 0.6591. Trading tips On the four-hour chart the pair continues to rise, on the daily one the price is within the cloud. Buy positions can be opened at current price with targets at 0.6491 and 0.6591 and stop-loss at 0.6427.   Invierta ahora en el mercado Forex Fan page Facebook.com/liteforex.peru

Erick Gálvez
Author: Erick GálvezWebsite: http://www.asdforex..comEmail: This email address is being protected from spambots. You need JavaScript enabled to view it.
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