Technical Analysis 15.03.2019 – AUD/JPY: Ichimoku clouds

15 / 03 / 2019 | Technical Analysis
Let's look at the four-hour chart. Tenkan-sen line is above Kijun-sen, both lines are directed upwards. Confirmative line Chikou Span is above the price chart, current cloud is 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 (78.90). One of the previous maximums of Chikou Span line is expected to be a resistance level (79.25). 



On the daily chart Tenkan-sen line has crossed Kijun-sen from above, the blue line is directed upwards, while the red one remains horizontal. Confirmative line Chikou Span is above the price chart, current cloud is ascending. The instrument is trading above Tenkan-sen and Kijun-sen lines; the Bullish trend is still strong. The closest support level is Kijun-sen line (78.75). One of the previous maximums of Chikou Span line is expected to be a resistance level (79.30). 



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. 

 

Risk Warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 64.62% of retail investor accounts lose money when trading CFDs with AFX Capital Markets Ltd. 62.75% of retail investor accounts lose money when trading CFDs with AFX Markets Ltd. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

TRADE NOW RISK FREE DEMO