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

RoboForex Team RoboForex

EUR/USD, "Euro vs US Dollar"

EUR/USD is rebounding from the resistance level. The pair is going above the Ichimoku Cloud, indicating an uptrend. A test of the Tenkan-Sen line at 1.0925 is expected, followed by a rise to 1.1105. Growth might be additionally supported by a rebound from the upper boundary of the bearish channel. The scenario might be cancelled by a breakout of the lower Cloud boundary, with the price finding a foothold below 1.0735, which will indicate a further decline to 1.0645.

USD/CAD, "US Dollar vs Canadian Dollar"

USD/CAD is testing the lower boundary of the bearish channel. The pair is going below the Ichimoku Cloud, suggesting a downtrend. A test of the Tenkan-Sen line at 1.3435 is expected, followed by a drop to 1.3305. The price 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 Cloud boundary, with the price gaining a foothold above 1.3605, which will indicate a further rise to 1.3695.

AUD/USD, "Australian Dollar vs US Dollar"

AUD/USD has secured above the resistance level. The pair is going above the Ichimoku Cloud, which indicates an uptrend. A test of the Tenkan-Sen line at 0.6585 is expected, followed by a rise to 0.6815. Growth might be additionally supported by a rebound from the lower boundary of the bullish channel. The scenario could be cancelled by a breakout of the lower Cloud boundary, with the price finding a foothold below 0.6545, which could entail a further decline to 0.6455. Meanwhile, the price rise could be confirmed by a breakout of the upper boundary of the bullish channel, with the quotes securing above 0.6765.

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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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