Ichimoku cloud analysis: BTC/USD, XAU/USD, EUR/USD

RoboForex Team RoboForex

BTC/USD, “Bitcoin vs US Dollar”

BTC/USD is trading at 49927.00; the instrument is moving above Ichimoku Cloud, thus indicating an ascending tendency. The markets could indicate that the price may test the cloud’s upside border at 47405.00 and then resume moving upwards to reach 55905.00. Another signal in favor of a further uptrend will be a rebound from the rising channel’s downside border. However, the bullish scenario may no longer be valid if the price breaks the cloud’s downside border and fixes below 42305.00. In this case, the pair may continue falling towards 37205.00.

XAU/USD, “Gold vs US Dollar”

XAU/USD is trading at 1849.00; 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 1800.00 and then resume moving downwards to reach 1755.00. Another signal in favor of a further downtrend will be a rebound from the descending channel’s upside border. However, the bearish scenario may no longer be valid if the price breaks the cloud’s upside border and fixes above 1815.00. In this case, the pair may continue growing towards 1845.00.

EUR/USD, “Euro vs US Dollar”

EUR/USD is trading at 1.2086; 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 1.2045 and then resume moving upwards to reach 1.2195. Another signal in favor of a further uptrend will be a rebound from the descending channel’s upside border. However, the bullish scenario may be canceled if the price breaks the cloud’s downside border and fixes below 1.2015. In this case, the pair may continue falling towards 1.1935.

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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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