Forex analytics: Brent, H4
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. Despite deep correction the pair resumes its growth and is moving towards 62.20. The closest support level is Kijun-sen line (60.22).
On the daily chart Tenkan-sen line …