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

RoboForex Team RoboForex

AUD/USD, "Australian Dollar vs US Dollar"

AUDUSD is trading at 0.6732; the instrument is moving inside Ichimoku Cloud, thus indicating a sideways tendency. The markets could indicate that the price may test the cloud's upside border at 0.6755 and then resume moving downwards to reach 0.6655. 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 canceled if the price breaks the cloud's upside border and fixes above 0.6795. In this case, the pair may continue growing towards 0.6875. After breaking the neckline of Head & Shoulders reversal pattern and fixing below 0.6705, the price may continue moving downwards.

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

NZD/USD, "New Zealand Dollar vs US Dollar"

NZDUSD is trading at 0.6269; the instrument is moving inside Ichimoku Cloud, thus indicating a sideways tendency. The markets could indicate that the price may test Tenkan-Sen and Kijun-Sen at 0.6290 and then resume moving downwards to reach 0.6185. Another signal to confirm further descending movement is the price's rebounding from the s rising channel's downside border. However, the scenario that implies further decline may be canceled if the price breaks the cloud's upside border and fixes above 0.6345. In this case, the pair may continue growing towards 0.6435.

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

USD/CAD, "US Dollar vs Canadian Dollar"

USDCAD is trading at 1.3209; 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 1.3230 and then resume moving downwards to reach 1.3115. Another signal to confirm further descending movement is the price's rebounding from the descending channel's upside border. However, the scenario that implies further decline may be canceled if the price breaks the cloud's upside border and fixes above 1.3275. In this case, the pair may continue growing towards 1.3365.

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

Author

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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