AUDUSD - bullish trend towards daily cloud

FX:AUDUSD   Australian Dollar / U.S. Dollar
81 0 0
Configuration: Two Ichimoku on the chart: H4 (full), and D (blue, only SSB/cloud + Kijun)*

The pair retraced and closed on the daily Kijun. We may either have a consolidation sequence with a supporting daily Kijun that will finally reject the price towards the daily cloud. Otherwise the daily Kijun breaks and price attempts to test the H4 Kijun. If this latest level breaks, the idea must be reassessed as conditions have changed.

Note that the daily cloud is thin during the next days, hence offering some areas of least resistance for the price. It could go through it. In the case of a breakout, the daily cloud could provide some significant support thanks to its thickness after 9th             Feb.

* Not exactly the Ichimoku you would get with a real D chart, here we are extracting a daily Ichimoku using 6 candles H4, it has a higher resolution. It is sufficient IMO             for a good analysis and does not play a major role.
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out