Ichimoku Cloud Analysis: XAU/USD, BTC/USD, USD/JPY

RoboForex Team RoboForex

XAU/USD, "Gold vs US Dollar"

XAUUSD is trading at 1541.00; the instrument is moving below Ichimoku Cloud, thus indicating a descending tendency. The markets could indicate that the price may test Tenkan-Sen and Kijun-Sen at 1555.00 and then resume moving downwards to reach 1435.00. Another signal to confirm further descending movement is the price's rebounding from the rising channel's downside border. However, the scenario that implies further decline may be canceled if the price breaks the cloud's upside border and fixes above 1645.00. In this case, the pair may continue growing towards 1695.00.

Risk Warning: the result of previous trading operations do not guarantee the same results in the future

BTC/USD, "Bitcoin vs US Dollar"

BTCUSD is trading at 5119.00; 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 5765.00 and then resume moving downwards to reach 3115.00. Another signal to confirm further descending movement is the price's rebounding from the descending channel's upside border. However, the scenario that implies further decline may be canceled if the price breaks the cloud's upside border and fixes above 6825.00. In this case, the pair may continue growing towards 7605.00.

Risk Warning: the result of previous trading operations do not guarantee the same results in the future

USD/JPY, "US Dollar vs Japanese Yen"

USDJPY is trading at 106.36; the instrument is moving above Ichimoku Cloud, thus indicating an ascending tendency. The markets could indicate that the price may test the cloud's upside border at 105.35 and then resume moving upwards to reach 109.65. Another signal to confirm further ascending movement is the price's rebounding from the rising channel's downside border. However, the scenario that implies further growth may be canceled if the price breaks the cloud's downside border and fixes below 103.85. In this case, the pair may continue falling towards 101.65.

Risk Warning: the result of previous trading operations do not guarantee the same results in the future

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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.

EUR/USD falls toward 1.1850 due to safe-haven demand

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