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Forex: Ichimoku Clouds. Review of XAG/USD on 23.03.2015

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 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. 


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