FX:AUDUSD   Australian Dollar/U.S. Dollar
45 2 8
8 months ago
Notes;

( Ichimoku ): The bright-green MA is drifting too far off from the bright-red MA (so eventually they will attempt to converge/meet "closer" once again like they always do)... (The bright-green MA is where the price is currently sitting/resting on...)

In addition, also pay attention to the MACD indicator; it is displaying rather oversold conditions, as such, it would be wise to anticipate a move up... Then pay attention to the RSI indicator; it is also displaying a rather oversold condition as well, so it is wise to expect some upsides eventually...

Last but not the least, do note some rather thick cloud-supports/resistances lingering overhead...; so it is wise to anticipate that this upside move could be limited (perhaps a correction)...

Best regards.
8 months ago
Comment: As a side note(s): Back in May, the Ichimoku signaled a bearish price movement (note the bright-green MA crossed below the bright-red MA, as you can see)...

Best regards.
Aiming to be a "marksman" in scalping & "speculation". As retail traders, we are just "speculating" these markets-volatility in our retail-trading-platforms (E.g. we do not physically owned 100-Lots of Gold nor is storing a thousand-barrels of crude oil)

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ProFX_Strategist about USDJPY 8 months ago
Anbat
8 months ago
KUMO/CLOUD twist (Senkou lines/future lines) says BULL time too. Best regards & love Ichimoku cloud indicator.
+1 Reply
ProFX_Strategist Anbat
8 months ago
Thanks, that's great. :)
Reply
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