Ichimoky Analysis: AUD/USD, NZD/USD, USD/CAD

RoboForex Team RoboForex

AUDUSD

The AUDUSD is trading at 0.7145, above the Ichimoku cloud, which means there's an uptrend forming. We are expecting a test of the signal lines at 0.7120, and then a fall to 0.7195, which may be confirmed with the price bouncing off the support area. This rise may be prevented in case price breaks out the lower boundary of the Ichimoku cloud and closes below 0.7090, which will be a signal for a further fall to 0.7005 and below.

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

NZDUSD

The NZDUSD is trading at 0.6917, above the Ichimoku cloud, which means there's an uptrend forming. We are expecting a test of the signal lines at 0.6895, and then a fall to 0.6985, which will be confirmed with the price bouncing off the upper boundary of the ascending channel. The rise may be prevented in case price breaks out the lower boundary and closes below 0.6855, which will be a signal for a further fall to 0.6765.

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

USDCAD

The USDCAD is trading at 1.3294, below the Ichimoku cloud, which means there's a downtrend forming. We are expecting a test of the upper cloud boundary at 1.3315, and then a downward pullback to 1.3205, which may be confirmed with the price bouncing off the resistance area. This fall may be prevented in case the price breaks out the upper boundary and closes above 1.3355, which will be a signal for a further rise to 1.3395. Conversely, the fall will be confirmed once the bottom boundary of the triangle pattern gets broken out and the price closes below 1.3245.

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.

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