XAG/USD, H4

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 has broken through the cloud and is still rising. The closest support level is Tenkan-sen line (16.49). One of the previous maximums of Chinkou Span line is expected to be a resistance level at 16.82.

Forex: Ichimoku Clouds. Review of XAG/USD

XAG/USD, D1

On the daily chart Tenkan-sen line is below Kijun-sen, both lines are horizontal. Chinkou Span line is approaching the price chart from below; current Kumo-cloud is descending. The pair is following the lower border of the cloud, and falt part of senkou Span b line is going to be a resistance level at 16.99. Kijun-sen line is the closest support level at 16.34.

Forex: Ichimoku Clouds. Review of XAG/USD

Key levels

Support levels: 16.49, 16.34.

Resistance levels: 16.82, 16.99.

Trading tips

On the four-hour chart we’ve got a signal to buy, on the daily one the pair is trying to break through the cloud. Targets for the long positions are 16.82 and 16.99.




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