Ichimoku cloud analysis: USD/CHF, AUD/USD, USD/JPY
|USD/CHF, “US Dollar vs Swiss Franc”
USDCHF is correcting in a descending channel. The instrument is going below the Ichimoku Cloud, which suggests a downtrend. A test of the upper border of the Cloud at 0.9230 is expected, followed by falling to 0.9045. An additional signal confirming the decline will be a bounce off the upper border of the descending channel. The scenario can be cancelled by a breakaway of the upper border of the Cloud and securing above 0.9295, which will mean further growth to 0.9385. The decline can be confirmed by a breakaway of the lower border of the bullish channel and securing under 0.9155.
AUD/USD, “Australian Dollar vs US Dollar”
AUDUSD is testing the resistance area. The instrument is going above the Ichimoku Cloud, which suggests an uptrend. A test of the upper border of the Cloud at 0.6985 is expected, followed by growth to 0.7235. An additional signal confirming the growth will be a bounce off the upper border of the descending channel. The scenario can be cancelled by a breakaway of the lower border of the Cloud and securing under 0.6830, which will mean further falling to 0.6735.
USD/JPY, “US Dollar vs Japanese Yen”
USDJPY is pushing off the signal lines of the indicator. The instrument is going inside the Ichimoku Cloud, which suggests a flat. A test of the upper border of the Cloud at 130.55 is expected, followed by falling to 125.75. A signal confirming the decline will be a bounce off the upper border of the descending channel. The scenario with falling can be cancelled by a breakaway of the upper border of the Cloud and securing above 131.55, which will mean further growth to 132.45. The decline can be confirmed by a breakaway of the lower border of the bullish channel and securing under 129.25.
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