Ichimoku Cloud Analysis: AUDUSD, NZDUSD, USDCAD

AUDUSD, “Australian Dollar vs US Dollar”

AUDUSD is trading at 0.7873; the instrument is moving above Ichimoku Cloud, which means that it may continue growing. The markets could indicate that the price may test Tenkan-Sen and Kijun-Sen at 0.7845 and then continue moving upwards to reach 0.7940. 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 cancelled if the price breaks the downside border of the cloud and fixes below 0.7780. In this case, the pair may continue falling towards 0.7720.

AUDUSD

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

NZDUSD, “New Zealand Dollar vs US Dollar”

NZDUSD is trading at 0.7332; the instrument is moving above Ichimoku Cloud, which means that it may continue growing. The markets could indicate that the price may test Tenkan-Sen and Kijun-Sen at 0.7315 and then continue moving upwards to reach 0.7435. 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 cancelled if the price breaks the downside border of the cloud and fixes below 0.7230. In this case, the pair may continue falling towards 0.7165.

NZDUSD

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

USDCAD, “US Dollar vs Canadian Dollar”

USDCAD is trading at 1.2941; the instrument is moving above Ichimoku Cloud, which means that it may continue growing. The markets could indicate that the price may test the broken border of the cloud at 1.2925 and then continue moving upwards to reach 1.3120. Another signal to confirm further ascending movement is the price’s rebounding from the upside border of the channel. However, the scenario that implies further growth may be cancelled if the price breaks the downside border of the cloud and fixes below 1.2800. In this case, the pair may continue falling towards 1.2650.

USDCAD

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

Forecasts presented in this section only reflect the author’s private opinion and should not be considered as guidance for trading. RoboForex LP bears no responsibility for trading results based on trading recommendations described in these analytical reviews.