Let’s look at the four-hour chart. Tenkan-sen line is above Kijun-sen, they are both horizontal. Chinkou Span line is above the price chart; current Kumo-cloud is ascending. The pair wasn’t able to consolidate above the cloud and returned within its borders, which became support (15.59) and resistance (15.93) levels. Another support level is Tenkan-sen line (15.79).

Forex: Ichimoku Clouds. Review of XAG/USD


On the daily chart Tenkan-sen line is below Kijun-sen, the red line is directed downwards, while the blue one remains horizontal. Chinkou Span line is below the price chart; current Kumo-cloud is descending. After long fall, the pair is being corrected above Tenkan-sen line. Whivh became a support level (15.70). Kijun-sen line will be a resistance level at 16.36.

Forex: Ichimoku Clouds. Review of XAG/USD

Key levels

Support levels: 15.79, 15.70, 15.59.

Resistance levels: 15.93, 16.36.

Trading tips

On the four-hour chart the pair is trading within the cloud, although on the daily chart Bearish trend is still strong. Targets for the short positions are 15.59 and 15.15.

The material published on this page is produced by LiteForex and should not be considered as the provision of investment advice for the purposes of Directive 2004/39/EC; furthermore it has not been prepared in accordance with legal requirements designed to promote the independence of investment research and is not subject to any prohibition on dealing ahead of the dissemination of investment research.

Follow us in social networks!
Live Chat
Leave feedback