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

RoboForex Team RoboForex

AUD/USD, “Australian Dollar vs US Dollar”

AUDUSD is trading at 0.6895; the instrument is moving inside Ichimoku Cloud, thus indicating a sideways tendency. The markets could indicate that the price may continue the correction, test the cloud’s upside border at 0.6920, and then resume moving downwards to reach 0.6805. 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 0.6955. In this case, the pair may continue growing towards 0.7035. After breaking the rising channel’s downside border and fixing below 0.6865, the price may resume moving downwards.

NZD/USD, “New Zealand Dollar vs US Dollar”

NZDUSD is trading at 0.6641; the instrument is moving inside Ichimoku Cloud, thus indicating a sideways tendency. The markets could indicate that the price may continue the correction, test the cloud’s upside border at 0.6665, and then resume moving downwards to reach 0.6535. 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 0.6695. In this case, the pair may continue growing towards 0.6775. After breaking the cloud’s downside border and fixing below 0.6605, the price may resume moving downwards.

USD/CAD, “US Dollar vs Canadian Dollar”

USDCAD is trading at 1.3050; the instrument is moving above Ichimoku Cloud, thus indicating an ascending tendency. The markets could indicate that the price may test the cloud’s downside border at 1.3025 and then resume moving upwards to reach 1.3160. Another signal to confirm further ascending movement is the price’s rebounding from the support level. However, the scenario that implies further growth may be canceled if the price breaks the cloud’s downside border and fixes below 1.2995. In this case, the pair may continue falling towards 1.2905. After breaking Triangle’s upside border and fixing above 1.3090, the price may continue moving upwards.

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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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