H4

On Friday morning kiwi has failed to continue the descending trend due to the strong bullish mood that broken up the resistance of horizontal Kijun-Sen line (4). As a result the exchange rate was restored towards the point 0.8230. Having tested this level it returned to the Tenkan-Kijun channel (3, 4).

It is necessary to mention that proceeding from the results of this short-term growth, Tenkan and Kijun lines have not cancelled the Dead Cross (5) which means that bears still remain active on the market.

Moreover, Preceding lines (1, 2) do not change the character of the Ichimoku Cloud and are expected to decline in the nearest future.

On Friday morning the upper limit of the Ichimoku Cloud has failed to hold back the bulls that broken up the Senkou Span A and fixed in the positive area. Thus, the rate of the pair continued its restoration.

As a result the Ichimoku Coud changed its character to uprising, as Preceding lines were crossed and Senkou Span A (1) was directed upwards.

Nevertheless, the further restoration of the market is questioned as prices have been fixed below the Kijun-Sen lines (4) by the end of the day. Short-term lines are expected to cancel the Golden Cross soon (5) and form the Dead Cross.

On Monday the market is likely to consolidate above the Kumo.