Ichimoku cloud analysis: EUR/USD, AUD/CAD, USD/CAD

RoboForex Team RoboForex

EUR/USD, "Euro vs US Dollar"

The pair is trading above the Ichimoku Cloud, suggesting an uptrend. A test of the upper border of the Cloud at 1.1825 is expected, followed by growth to 1.1995. The growth will be additionally supported by a bounce off the lower border of the ascending channel. The scenario will no longer be valid if the lower border of the Cloud is broken and the quotations close under 1.1725, which will mean further falling to 1.1635. The growth will be confirmed by a breakaway of the upper border of the bearish channel and securing above 1.1905.

AUD/CAD, "Australian Dollar vs Canadian Dollar"

The currency pair is trading at 0.9635 above the Ichimoku Cloud, suggesting an uptrend. A test of the upper border of the Cloud at 0.9605 is expected, followed by growth to 0.9755. The growth will additionally be confirmed by a bounce off the upper border of the descending channel that the buyers have broken away upwards confidently. The scenario can be canceled by a breakaway of the lower border of the Cloud and securing under 0.9515, which will entail further falling to 0.9425.

USD/CAD, "US Dollar vs Canadian Dollar"

The currency pair is trading above the Ichimoku Cloud, suggesting an uptrend. A test of the upper border of the Cloud at 1.2555 is expected, followed by growth to 1.2835. The growth will be supported by a bounce off the support level. The scenario will be canceled by a breakaway of the lower border of the Cloud and securing under 1.2455, which will mean further falling to 1.2365. The growth will be confirmed by a breakaway of the upper border of the descending channel and securinh above 1.2645.

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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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