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04.06.2018 10:11 AM
The daily review of AUD / USD on June 4, 2018. Ichimoku Indicator

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AUD / USD

The spent daily target (0.7499), reinforced by the final border of the monthly golden cross (0.7523), coped with the role of support and restriction of the decline in this area. At the moment, the pair is testing the first targets for the upward correction (weekly Tenkan 0.7613 + week Senkou Span B 0.7640 + day cloud). The result of the interaction will determine whether the players will be able to continue the ascent or the event will be limited to the implementation of the retest. The breakdown of the resistances encountered and fastening in the bullish zone relative to the daytime cloud (0.7665 - 0.7700) will form the subsequent targets for continuing the rise and strengthening of bullish sentiments. The landmarks are the upward daily target for cloud breakdown, the monthly Tenkan (0.7775) and the final lines of the weekly cross Ichimoku (Kijun 0.77775 + Fibo Kijun 0.7860). In the case of a successful retest, the value will be the recovery of the downtrend (the minimum extremum is 0.7413) and the execution of the weekly downward target on the breakdown of the cloud.

Indicator parameters:

All time intervals 9 - 26 - 52

The color of indicator lines:

Tenkan (short-term trend) - red,

Kijun (medium-term trend) - green,

Fibo Kijun is a green dotted line,

Chinkou is gray,

Clouds: Senkou Span B (SSB, long-term trend) - blue,

Senkou Span A (SSA) - pink.

The color of additional lines:

Support and resistance MN - blue, W1 - green, D1 - red, H4 - pink, H1 - gray,

Horizontal levels (not Ichimoku) - brown,

Trend lines - purple.

Evangelos Poulakis,
Analytical expert of InstaForex
© 2007-2024
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