Ichimoku cloud analysis: EUR/USD, Brent, NZD/USD

EUR/USD, “Euro vs US Dollar”

EUR/USD is rebounding from the resistance level. The instrument is going inside the Ichimoku Cloud, which suggests a flat. A test of upper boundary of the Cloud at 1.0995 is expected, followed by a decline to 1.0825. The decline could be additionally supported by a rebound from the upper boundary of the bearish channel. The scenario could be cancelled by a breakout of the upper boundary of the Cloud with the price finding a foothold above 1.1035, which will mean further growth to 1.1125. Meanwhile, the decline might be confirmed by a breakout of the lower boundary of the bullish channel with the quotes finding a foothold under the 1.0905 level.

Brent

Brent has found a foothold above the upper boundary of the Triangle pattern. The instrument is going above the Ichimoku Cloud, which suggests an uptrend. A test of the upper boundary of the Cloud at 78.45 is expected, followed by a rise to 83.15. The rise could be additionally confirmed by a rebound from the upper boundary of the Triangle pattern. The scenario can be cancelled by a breakout of the lower boundary of the Cloud with the price finding a foothold under 75.05, which will mean a further decline to 68.45.

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

NZD/USD is testing the upper boundary of the bearish channel. The instrument is going below the Ichimoku Cloud, which suggests a downtrend. A test of the lower boundary of the Ichimoku Cloud at 0.6255 is expected, followed by a decline to 0.6125. The decline could be additionally supported by a rebound from the upper boundary of the bearish channel. The scenario can be cancelled by a breakout of the upper boundary of the Cloud with the price finding a foothold above 0.6295, which will mean further growth to 0.6385. Meanwhile, the decline could be confirmed by a breakout of the lower boundary of the bullish channel with the price finding a foothold under 0.6175.