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

RoboForex Team RoboForex

EUR/USD, “Euro vs US Dollar”

The pair is testing the upper border of the bullish channel. The instrument is going above the Ichimoku Cloud, which suggests an uptrend. A test of the upper border of the Cloud at 1.0445 is expected, followed by growth to 1.0935. An additional signal confirming the growth will be a bounce off the lower border of the bullish channel. The scenario can be cancelled by a breakaway of the lower border of the Cloud and securing under 1.0305, which will mean further falling to 1.0205.

AUD/USD, “Australian Dollar vs US Dollar”

The currency pair is pushing off the resistance level. The instrument is going above the Ichimoku Cloud, which suggests an uptrend. A test of the Kijun-Sen line at 0.6750 is expected, followed by growth to 0.7040. An additional signal confirming the growth will be a bounce off the lower border of the bullish channel. The scenario can be cancelled by a breakaway of the lower border of the Cloud and securing under 0.6660, which will mean further falling to 0.6565.

USD/JPY, “US Dollar vs Japanese Yen”

The pair is testing the Tenkan-Sen line. The instrument is going below the Ichimoku Cloud, which suggests a downtrend. A test of the resistance level at 134.85 is expected, followed by falling to 129.85. An additional signal confirming the growth will be a bounce off the lower border of the descending channel. The scenario can be cancelled by a breakaway of the upper border of the Cloud and securing above 140.35, which will mean further growth to 141.25.

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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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