Forex analytics: Brent, H4
Let’s look at the four-hour chart. Tenkan-sen line is below Kijun-sen, the red line is directed downwards, while the blue one remains horizontal. Chinkou Span line is below the price chart; current Kumo-cloud is descending. The pair is trading within the cloud and trying to break down its lower border (58.33). The closest resistance level is Tenkan-sen line (59.05).