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> Technical Analysis 2017.09.21 – AUDJPY Bullish Safe-havens
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Technical Analysis 2017.09.21 – AUDJPY Bullish Safe-havens

STO

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Let's look at the four-hour chart. Tenkan-sen line is above Kijun-sen, the lines are horizontal . Confirmative line Chikou Span is above the price chart, current cloud is ascending. The instrument is trading above Tenkan-sen and Kijun-sen lines; the Bullish trend is still strong. The closest support level is Tenkan-sen line (89.744). One of the previous maximums of Chikou Span line is expected to be a resistance level (90.290).

On the daily chart Tenkan-sen line is above Kijun-sen, both lines are directed upwards. Confirmative line Chikou Span is above the price chart, current cloud is ascending. The instrument is trading above Tenkan-sen and Kijun-sen lines; the Bullish trend is still strong. The closest support level is Tenkan-sen line (88.676). One of the previous maximums of Chikou Span line is expected to be a resistance level (90.425).

This article comprises the personal view and opinion of the STO Investment Research Desk and at no time should be construed as Investment Advice.

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Source: https://www.stofs.com/en/newsroom/entry/TECHNICAL/technical-analysis-20170921-audjpy-bullish-safe-havens/?camp=24219
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