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Forex: Ichimoku Clouds. Review of XAG/USD on 02.03.2015

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 has reversed from descending to ascending. The pair wasn’;t able to get through the cloud and is still trading within its borders. The closest support level is Tenkan-sen line (16.59). Senkou Soan B will be a resistance level (16.76).

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