Holidays came to an end. Maybe it does not sound as a happy information for schoolers, but it may be really cheerful for traders. End of vacations means end of low market volatility and higher market activity comeback. Let’s take a look on the today’s market using one of the most effective Japanese trading strategies. Welcome in our daily Forex market Ichimoku Outlook.
AUD/USD
I wrote about potential selling signal on Aussie for some time. On Friday, price rebounded from the Cloud and now it seems, that short positioning may be a good idea. SL above last maximum has approx. 35 pips (to minimum it is more than 80). This is not an ideal signal so better think carefully, before activating this trade.
USD/ZAR
Interesting signal showed yesterday on rather exotic currency pair – American dollar to South African rand. Price broke above Kumo, forming clear minimum, which may act as a stop loss for long positions. Weekly chart also supports bulls, because price is hovering in the vicinity of cloud resistance.
XAU/USD
Finally! Gold generated some interesting signal – I wrote about its potential forming some time ago. Price rebounded on Thursday from Kijun line and Kumo lower band. On the weekly chart we can see possible cloud breakout, which will strengthen current signal. Worth observing!
