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

USD/RUB, “US Dollar vs Russian Ruble”

USDRUB is trading at 76.89; the instrument is moving above Ichimoku Cloud, thus indicating an ascending tendency. The markets could indicate that the price may test the cloud’s downside border at 76.05 and then resume moving upwards to reach 79.85. Another signal in favor of a further uptrend will be a rebound from the rising channel’s downside border. However, the bullish scenario may be canceled if the price breaks the cloud’s downside border and fixes below 75.05. In this case, the pair may continue falling towards 74.20.

NZD/JPY, “New Zealand Dollar vs Japanese Yen”

NZDJPY is trading at 77.48; the instrument is moving above Ichimoku Cloud, thus indicating an ascending tendency. The markets could indicate that the price may test the cloud’s downside border at 77.40 and then resume moving upwards to reach 79.35. Another signal in favor of a further uptrend will be a rebound from the descending channel’s upside border. However, the bullish scenario may no longer be valid if the price breaks the cloud’s downside border and fixes below 76.45. In this case, the pair may continue falling towards 75.55.

EUR/CHF, “Euro vs Swiss Franc”

EURCHF is trading at 1.1015; the instrument is moving below Ichimoku Cloud, thus indicating a descending tendency. The markets could indicate that the price may test the cloud’s downside border at 1.1025 and then resume moving downwards to reach 1.0905. Another signal in favor of a further downtrend will be a rebound from the descending channel’s upside border. However, the bearish scenario may no longer be valid if the price breaks the cloud’s upside border and fixes above 1.1065. In this case, the pair may continue growing towards 1.1155. To confirm further decline, the asset must break the downside border of the Triangle pattern and fix below 1.0975. The pattern materialization target is at 1.0915.