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21.05.201811:25 Forex Analysis & Reviews: The daily review of the currency pair AUD / USD for May 21, 2018. Ichimoku Indicator

Long-term review
This information is provided to retail and professional clients as part of marketing communication. It does not contain and should not be construed as containing investment advice or investment recommendation or an offer or solicitation to engage in any transaction or strategy in financial instruments. Past performance is not a guarantee or prediction of future performance. Instant Trading EU Ltd. makes no representation and assumes no liability as to the accuracy or completeness of the information provided, or any loss arising from any investment based on analysis, forecast or other information provided by an employee of the Company or otherwise. Full disclaimer is available here.

AUD / USD

Exchange Rates 21.05.2018 analysis

At the moment, we are seeing braking, which was seen as a result of the pair performing a downward target on the daylight cloud break (0.7499) and reaching for the final support of the monthly gold cross (0.7523). Now, the players on the increase have support for the daily short-term trend (0.7490) and insist on deepening the upward correction. The main upward trend at the moment is the retest of the punched week cloud (Senkou Span B 0.7641). This area is also strengthened by some other important levels (the monthly Kijun + closing lines of the day's dead cross + week Tenkan), so the result of interaction with this resistance zone (0.7610-50) can determine the future fate of the situation for a longer period. Junior time intervals now support players to increase. Reliable anchoring in the bull zone relative to the clouds will allow us to consider as targets the targets for breakdown of H4 and H1. Change the existing balance of power in the current situation can return under cloudiness of lower tenses and daylight Tenkan (0.7490).

Exchange Rates 21.05.2018 analysis

Indicator parameters:

All time intervals 9 - 26 - 52

The color of indicator lines:

Tenkan (short-term trend) - red,

Kijun (medium-term trend) - green,

Fibo Kijun is a green dotted line,

Chinkou is gray,

Clouds: Senkou Span B (SSB, long-term trend) - blue,

Senkou Span A (SSA) - pink.

The color of additional lines:

Support and resistance MN - blue, W1 - green, D1 - red, H4 - pink, H1 - gray,

Horizontal levels (not Ichimoku) - brown,

Trend lines - purple.

Evangelos Poulakis
Analytical expert of InstaForex
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