Bearish Ichimoku Cloud with horizontal Senkou Span A and B; a weak goldean cross of Tenkan-sen and Kijun-sen with horizontal lines; the prices are on the weak Kijun’s support.
AUD/USD: aussie going lower
Technical levels: support – 0.7370; resistance – 0.7440.
- Sell — 0.7420; SL — 0.7440; TP1 — 0.7370; TP2 — 0.7340.
Reason: narrow bullish Ichimoku Cloud, falling Senkou Span A and B; a dead cross of Tenkan-sen and Kijun-sen with falling lines; the prices are under the Cloud and bounced from Senkou Span B.
Bullish Ichimoku Cloud with rising Senkou Span A; a cancelled golden cross of Tenkan-sen and Kijun-sen; a market is overbought and under the strong resistance of 0.8030.
Narrowing bearish Ichimoku Cloud with rising Senkou Span A; a dead cross of Tenkan-sen and Kijun-sen, but narrowing channel Tenkan-Kijun; the market is in correction phase.
USD/JPY has posted slight gains in the first half of past week as political tumult over Trump's obstruction of justice subsided…
Recommendations: BUY 0…
There's a "Shooting Star", which has been confirmed. So, the 34 Moving Average is likely going to act as support...