Forex forecasts and market outlooks

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20.09.2019 - 14.09.2019

FDAX: Ichimoku clouds

Let's look at the four-hour chart. Tenkan-sen line is above Kijun-sen, both lines are directed upwards. 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. The closest support level is Tenkan-sen line (12411.4). One of the previous maximums of Chikou Span line is expected to be a resistance level (12473.0).

FTSE: Ichimoku clouds

Let's look at the four-hour chart. Tenkan-sen line is below Kijun-sen, both lines are directed downwards. Confirmative line Chikou Span is below the price chart, current cloud is ascending. The instrument is trading around upper border of the cloud. The closest support level is the lower border of the cloud (7266.9). The closest resistance level is Tenkan-sen line (7320.5).