4-hour timeframe
General view:
A new sell-signal targeted to 84,31 is formed, which is weak and unconfirmed. However, at the moment the situation more resembles flat or a weak declining movement with dense reverses. And I will not recommend trading before the beginning of the trend advance. In addition, it is needed to mention that the price is positioned near the Ishimoku cloud which increases the uncertainty. The current falling target is the support level of 85.16. if this level is passed, the aim will be the second support level of 84,13. The Chinkou Span is placed below the price curve denoting the falling continuation. The Bollinger Bands show the sideways movement as the lines are not diverging and are sideward directed. The MACD is increasing which shows uncertainty.
Trading recommendations:
Currently, it is not advisable to trade as all indicators show diversified movements. The Bollinger Bands signal the flat.
Besides the technical picture, it is important to consider the fundamental reports and time of their release.
The chart annotation:
Ishimoku indicator:
Tenkan-sen — red line
Kijun-sen — blue line
Senkou Span A — light brown stipple line
Senkou Span B — light purple stipple line
Chinkou Span — green line
Bollinger Bands indicator:
3 yellow lines
MACD indicator:
The red line and the histogram with the white bars in the indicators window.