Let’s look at the four-hour chart. Tenkan-sen line has crossed Kijun-sen from below, the red line is directed upwards, while the blue one remains horizontal. Confirmative line Chikou Span is approaching the price chart from above, current cloud is descending.
The instrument is trading around lower border of the cloud. One of the previous minimums of Chikou Span line is expected to be a support level (88.21). The closest resistance level is Kijun-sen line (88.35).
STO is a broker regulated by FCA and CySEC. It offers more than 300 financial instruments such as Forex, Indices, Oil, Stocks, Commodities and Bonds. STO clients have possibility to trade thanks to reliable MT4 and AFX FAST platforms. Check STO offer!
Leave us a comment!
Error, group does not exist! Check your syntax! (ID: 3)