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

EUR/USD, “Euro vs US Dollar”

EUR/USD is rising after a rebound from the support. The instrument is going above the Ichimoku Cloud, which suggests an uptrend. A test of the upper boundary of the Cloud at 1.0825 is expected, followed by a rise to 1.0925. An additional signal confirming the rise might be a rebound from the lower boundary of the bullish channel. The scenario can be cancelled by a breakout of the lower boundary of the Cloud with the price finding a foothold under 1.0770, which will mean a further decline to 1.0665.

USD/JPY, “US Dollar vs Japanese Yen”

USD/JPY has left the boundaries of the bullish channel. The instrument is going inside the Ichimoku Cloud, which suggests sideways dynamics. A test of the upper boundary of the Cloud at 150.30 is expected, followed by a decline to 148.05. A signal confirming the decline will be a rebound from the lower boundary of the bullish channel. The scenario can be cancelled by a breakout of the upper boundary of the Cloud with the price finding a foothold above 150.65, which will mean a further rise to 151.55.

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

NZD/USD is rebounding from the lower boundary of the bullish channel. The instrument is going below the Ichimoku Cloud, which suggests a downtrend. A test of the Tenkan-Sen line at 0.6125 is expected, followed by a decline to 0.6010. An additional signal confirming the decline could be 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 0.6205, which will mean further growth to 0.6295. Meanwhile, the decline could be confirmed by a breakout of the lower boundary of the ascending channel with the price finding a foothold under 0.6075.