GBP/CAD: Ichimoku indicators analysis - Обзоры экспертов БКС Форекс
Let's look at the four-hour chart. Tenkan-sen and Kijun-sen lines have merged, the blue line is directed upwards, while the red one remains 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.
Merged Tenkan-sen and Kijun-sen lines have become a strong support level (1.7135). One of the previous maximums of Chikou Span line is expected to be a resistance level (1.7403).On the daily chart Tenkan-sen line is below Kijun-sen, the lines are horizontal .
Confirmative line Chikou Span is below the price chart, current cloud is descending. The instrument is trading around lower border of the cloud.
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