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

( 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.
9 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)

Related Ideas

ProFX_Strategist about USDJPY 9 months ago
9 months ago
KUMO/CLOUD twist (Senkou lines/future lines) says BULL time too. Best regards & love Ichimoku cloud indicator.
+1 Reply
ProFX_Strategist Anbat
9 months ago
Thanks, that's great. :)
Ideas Scripts Chart
United States
United Kingdom
Home Stock Screener Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Account and Billing Sign Out