Liteforex Market Analytics, Forex Technical and Fundamental Analysis |
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Replies(1 - 9)
LiteForexTeam |
Jul 11 2013, 09:47 AM
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Forex: Ichimoku Clouds. Review of USDCAD
USDCAD, H4
Let�s look at the four-hour chart. Tenkan-Sen line is below Kijun-Sen line and they are both horizontal. Chinkou Span line is below the price chart, current Kumo-cloud is descending. Since yesterday the pair has been falling, but this morning we can see a small rebound. The closest resistance level is Tenkan-Sen line (1.0433). One of the previous extremums of Chinkou Span line is expected to be a support level at 1.0195.
USDCAD, D1
On the daily chart Tenkan-sen line is above Kijun-sen, but the blue one is directed downwards. Chinkou Span line approaches the price chart from above; current Kumo-cloud is ascending. After long rise the pair has collapsed and broken down Tenkan-Sen and Kijun-Sen levels. The next obstacle for the price on its way down will be the upper border of the cloud at 1.0279-1.0263. The closest resistance level is Kijun-Sen line (1.0372).
Key levels
Support levels: 1.0195, 1.0279-1.0263. Resistance levels: 1.0433, 1.0372.
Trading tips
On the four-hour chart the price has slowed down, but we expect a new �bearish� impetus. On the chart with higher timeframe a confirming signal to sell will appear as soon as Tenkan-Sen and Kijun-Sen lines are crossed or Chinkou Span line crosses the price chart.
Anastasiya Glushkova Analyst of LiteForex Group of Companies
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LiteForexTeam |
Jul 12 2013, 08:39 AM
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Serious Money Maker
Group: Members
Posts: 1,175
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Forex: Ichimoku Clouds. Review of AUDUSD
AUDUSD, H4
On the four-hour chart Tenkan-sen line is above Kijun-sen, the red line is directed upwards, but the blue one stays horizontal. Chinkou Span line is above the price chart, current Kumo is ascending. Since yesterday the price has been fluctuating within a channel corresponding to the cloud. A strong resistance level is flat Kumo top at 0.9191. The resistance level is Senkou Span A line (0.9127).
AUDUSD, D1
Let�s look at the daily chart. Tenkan-sen line is below Kijun-sen, and the price is squeezed between them. Chinkou Span line is below the price chart, current Kumo is descending. Kijun -sen line remains the closest resistance level at 0.9351. One of the previous minimums of Chinkou Span line is expected to be a resistance level at 0.8816.
Key levels Support levels: 0.8816, 0.9127. Resistance levels: 0.9191, 0.9351.
Trading tips
On the four-hour chart the price is still within the cloud borders, it is not advisable to open new trades. The further movement of the price will be determined by the breakdown of one of the cloud borders. The chart of the higher timeframe confirms the descending trend.
Anastasiya Glushkova Analyst of LiteForexGroup of Companies
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LiteForexTeam |
Jul 23 2013, 09:06 AM
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Serious Money Maker
Group: Members
Posts: 1,175
Dream Points: 5,925
Experience Points: 1,225
Joined: 27-May 13
Member No.: 390,211
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Forex: Ichimoku Clouds. Review of GBPUSD
GBPUSD, H4
On the four-hour chart Tenkan-sen line is above Kijun-sen, and they are both horizontal. Chinkou Span line is above the price chart, current Kumo is ascending. Since last week the pair has been rising strongly. Tenkan-sen (1.5320) and Kijun-sen (1.5231) lines are support levels. One of the previous maximums of Chinkou Span line is expected to be a resistance level at 1.5433.
GBPUSD, D1
Let�s look at the daily chart. Last week Tenkan-sen line is below Kijun-sen line and they are directed towards each other. Chinkou Span is approaching the price chart from below. After considerable fall the pair reversed, broke through Tenkan-sen and Kijun-sen lines and hit flat bottom of the cloud. Senkou Span B line becomes a strong resistance level at 1.5379. Kijun-sen line is the closest support level at 1.5268.
Key levels Support levels: 1.5320, 1.5231, 1.5268. Resistance levels: 1.5433, 1.5379.
Trading tips
On the four-hour chart we can see a development of upwards movement. Long trades can be opened with Take Profit orders at 1.5433. On the daily chart the price has slowed down before flat bottom of the cloud. The breakthrough of this level will produce a signal to buy. However if the price bounce off this line, the pair will go down to 1.5268. Anastasiya Glushkova Analyst of LiteForexGroup of Companies
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LiteForexTeam |
Jul 23 2013, 11:25 AM
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Serious Money Maker
Group: Members
Posts: 1,175
Dream Points: 5,925
Experience Points: 1,225
Joined: 27-May 13
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XAUUSD: gold regains lost positions 1. Current trend
Gold has grown since the beginning of this trading week, steadily consolidating above the level of 1300.00 USD per troy ounce. Gold is a traditional safe haven against risks of inflation and weakening in the national currencies. Precious metal will in the advantageous position if governments continue to pursue monetary easing policy. Amid victory of the ruling party in Japanese election and due to comments by Ben Bernanke, gold has strengthened positions and is likely to continue growth. Technical indicators show that gold has all chances for further rise. All three moving average lines are directed upward. The signal line and histogram of MACD indicator are in the positive zone. Stochastic is in the oversold zone, both of its lines are directed downward, suggesting a chance of correction.
2. Levels of support and resistance Pushing off from resistance level of 1340.00, the price is moving down to the level of 1321.00. Next support level is 61.6% of Fibonacci. The main target of the �bulls� is the level of 1370.00, which coincides with the level of 38.2% Fibonacci. 3. Trading tips At the moment, the pair may experience downward correction to 1321.00 or lower up to 1300.00. It makes sense to place limit buy order at these levels. Buy orders can be placed if gold exceeds the level of 1340.00.
Ilya Lashenko Analyst of LiteForex Group of Companies
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