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GBP/USD: general analysis 19 April 2019, 10:54

GBP/USD: general analysis 19 April 2019, 10:54 Scenario Timeframe Intraday Recommendation SELL Entry Point 1.2997 Ta...

Apr 17, 2019

AUD/CAD: Ichimoku clouds 17 April 2019, 09:25


Scenario
Timeframe Intraday
Recommendation BUY
Entry Point 0.9592
Take Profit 0.9635
Stop Loss 0.9566
Key Levels 0.9546 0.9566 0.9635 0.9677


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 below Tenkan-sen and Kijun-sen lines; the Bearish trend is still strong. The closest support level is Kijun-sen line (0.9566). One of the previous maximums of Chikou Span line is expected to be a resistance level (0.9635).



On the daily 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 (0.9546). One of the previous maximums of Chikou Span line is expected to be a resistance level (0.9677).

It is recommended to open long positions at current price with Take Profit at the level of previous maximum of Chikou Span (0.9635) line and Stop Loss at the level of Kijun-sen line (0.9566).

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