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

RoboForex Team RoboForex

AUDUSD, "Australian Dollar vs US Dollar"

AUDUSD is trading at 0.6910; the instrument is moving below Ichimoku Cloud, thus indicating a descending tendency. The markets could indicate that the price may test the cloud's downside border at 0.6955 and then resume moving downwards to reach 0.6825. Another signal to confirm further descending movement is the price's rebounding from the channel's downside border. However, the scenario that implies further decline may be cancelled if the price breaks the cloud's upside border and fixes above 0.6995. In this case, the pair may continue growing towards 0.7065.

Risk Warning: the result of previous trading operations do not guarantee the same results in the future

NZDUSD, "New Zealand Dollar vs US Dollar"

NZDUSD is trading at 0.6571; the instrument is moving below Ichimoku Cloud, thus indicating a descending tendency. The markets could indicate that the price may test the cloud's upside border at 0.6588 and then resume moving downwards to reach 0.6490. Another signal to confirm further descending movement is the price's rebounding from the resistance level. However, the scenario that implies further decline may be cancelled if the price breaks the cloud's upside border and fixes above 0.6615. In this case, the pair may continue growing towards 0.6705.

Risk Warning: the result of previous trading operations do not guarantee the same results in the future

USDCAD, "US Dollar vs Canadian Dollar"

USDCAD is trading at 1.3326; the instrument is moving below Ichimoku Cloud, thus indicating a descending tendency. The markets could indicate that the price may the cloud's downside border at 1.3340 and then resume moving downwards to reach 1.3175. Another signal to confirm further descending movement is the price's rebounding from the channel's upside border. However, the scenario that implies further decline may be cancelled if the price breaks the cloud's upside border and fixes above 1.3415. In this case, the pair may continue growing towards 1.3505.

Risk Warning: the result of previous trading operations do not guarantee the same results in the future

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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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