Ichimoku cloud analysis: AUD/USD, gold, USD/JPY

RoboForex Team RoboForex

AUD/USD, “Australian Dollar vs US Dollar”

AUD/USD is trading at 0.7412 above the Ichimoku Cloud, suggesting an uptrend. A test of the signal lines of the indicator at 0.7375 is expected, followed by growth to 0.7495. An additional signal confirming the growth will be a bounce off the lower border of the ascending channel. The growth will be canceled in the case of a breakaway of the lower border of the Cloud and securing under 0.7305, which will mean further decline to 0.7215.

XAU/USD, “Gold vs US Dollar”

Gold is trading at 1833 inside the Ichimoku Cloud, suggesting a flat. A test of the lower border of the Cloud at 1815 is expected, followed by growth to 1905. An additional signal confirming the growth will be a bounce off the upper border of the descending channel. The growth will be canceled in the case of a breakaway of the lower border of the Cloud and securing under 1785, which will mean further decline to 1745.

USD/JPY, “US Dollar vs. Japanese Yen”

USD/JPY is trading at 104.45 above the Ichimoku Cloud, suggesting a bullish trend. A test of the signal lines of the indicator at 104.15 is expected, followed by growth to 105.60. An additional signal confirming the growth will be a bounce off the upper border of the Triangle pattern. The growth will be canceled in the case of a breakaway of the lower border of the Cloud and securing under 103.90, which will mean further decline to 102.95. The growth will be confirmed by a breakaway of the resistance area and securing above 103.50.

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RoboForex Team

RoboForex

RoboForex Team is a group of professional financial experts with high experience on financial market, whose main purpose is to provide traders with quality and up-to-date market information.

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