FX:AUDUSD   Australian Dollar/U.S. Dollar
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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.
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.

Related Ideas

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