Ichimoku Analysis: AUDUSD, NZDUSD, USDCAD

1
Ichimoku Cloud Analysis: AUD/USD, NZD/USD, USD/CAD

AUDUSD, "Australian Dollar vs US Dollar"
AUDUSD is trading at 0.7213; the instrument is moving below Ichimoku Cloud, thus indicating a descending tendency. The markets could indicate that the price may test Tenkan-Sen and Kijun-Sen at 0.7225 and then resume moving downwards to reach 0.7090. Another signal to confirm further descending movement is the price's rebounding from the upside border of the Triangle pattern. However, the scenario that Implies further decline may be cancelled if the price breaks the upside border of the cloud and fixes above 0.7295. In this case, the pair may continue growing towards 0.7385. After breaking the downside border of the Triangle pattern and fixing below 0.7170, the price may continue moving downwards.
NZDUSD, "New Zealand Dollar vs US Dollar"

NZDUSD is trading at 0.6877; the instrument is moving inside Ichimoku Cloud, thus indicating a sideways tendency. The markets could indicate that the price may test the downside border of the cloud at 0.6865 and then resume moving upwards to reach 0.6985. Another signal to confirm further ascending movement is the price's rebounding from the support level. However, the scenario that Implies further growth may be cancelled if the price breaks the downside border of the cloud and fixes below 0.6830. In this case, the pair may continue falling towards 0.6735. After breaking the cloud's upside border and fixing above 0.6925, the price may continue moving upwards.
USDCAD, "US Dollar vs Canadian Dollar"
USDCAD is trading at 1.3374; the instrument is moving above Ichimoku Cloud, thus indicating an ascending tendency. The markets could indicate that the price may test the upside border of the cloud at 1.3345 and then resume moving upwards to reach 1.3510. Another signal to confirm further ascending movement is the price's rebounding from the support level. However, the scenario that implies further growth may be cancelled if the price breaks the downside border of the cloud and fixes below 1.3280. In this case, the pair may continue falling towards 1.3165.
Source: https://www.fxstreet.com/analysis/ichim ... 1812121016
Important: The worst forex brokers of all time 👎


Who is online

Users browsing this forum: No registered users and 25 guests