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Ichimoku Analaysis (4-hour chart)
Tenken-Sen- $1.632
Kijun-Sen- $1.632
AGRSUSD has performed well after a major sell-off.
Any daily close above $2 confirms further bullishness.
AGRSUSD surged more than 30% in ps two days. It hit a high of $1.845 yesterday and is currently trading around $1.795.The pair holds above the short-term (21 and 55-day EMA) and the long-term moving average (200-day EMA).
The near-term resistance is around $2, any indicative breach above will take the pair to $2.5-8/$2.75. On the lower side, immediate support is $1.35, and any violation below targets $1/$0.75.
Indicators ( 4- hour chart)
Directional movement index - Neutral
It is good to buy on dips around $1.60 with SL around $1.35 for a TP of $2.72.
