Let's look at the four-hour chart. Tenkan-sen line is above Kijun-sen,
the lines are 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 Tenkan-sen line (128.35). One of the previous
maximums of Chikou Span line is expected to be a resistance level
(127.30).
On the daily chart Tenkan-sen line is below Kijun-sen, the lines are
horizontal . Confirmative line Chikou Span is below the price chart,
current cloud is ascending. The instrument is trading between Tenkan-sen
and Kijun-sen lines. Tenkan-sen and Kijun-sen lines have become support
(127.70) and resistance (127.05) levels respectively.
No comments:
Post a Comment