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Forex: Ichimoku Clouds. Review of XAG/USD on 02.02.2015

Let’s look at the four-hour chart. Tenkan-sen line is below Kijun-sen, they are both horizontal. Chinkou Span line is below the price chart; current Kumo-cloud is descending. The pair has been corrected to the Tenkan-sen line after an abrupt fall, Kijun-sen becomes the closest resistance level (17.46). One of the previous minimums of Chinkou Span line is expected to be a support level at 16.84.

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