Ichimoku Cloud Analysis: AUD/USD, NZD/USD, USD/CAD
|AUDUSD
The instrument is trading at 0.7006 above the Cloud, which suggests an ascending trend. Testing of the upper border of the Cloud near 0.6990 is expected, followed by growth to 0.7105. Yet another signal of growth may be a bounce off the upper border of the descending channel. The scenario may no longer be valid in case the lower border of the Cloud is broken and trading closes under 0.6945, which may be followed by a further decline below 0.6865. The growth will be confirmed, if the price breaks through the resistance area and trading closes above 0.7055.
Risk Warning: the result of previous trading operations do not guarantee the same results in the future
NZDUSD
The instrument is trading at 0.6709 above the Ichimoku Cloud which suggests an ascending trend. A test of the signal lines near 0.6685 is expected, followed by growth to 0.6815. Yet another signal of growth may be a bounce off the support line. The scenario may no longer be valid in case the lower border of the Cloud is broken and trading closes under 0.6630, which may be followed by fa urther decline to 0.6555.
Risk Warning: the result of previous trading operations do not guarantee the same results in the future
USDCAD
The instrument is trading at 1.3068 below the Ichimoku Cloud which suggests a descending trend. Testing of the lower border of the Cloud near 1.3085 is expected, followed by a decline to 1.2859. Yet another signal of decline may be a bounce off the resistance line. The scenario may no longer be valid in case the upper border of the Cloud is broken and trading closes above 1.3135, which may be followed by further growth to 1.3205.
Risk Warning: the result of previous trading operations do not guarantee the same results in the future
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