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

RoboForex Team RoboForex

AUDUSD

The AUDUSD is trading at 0.7105, above the Ichimoku cloud, which means there's an uptrend forming. We are expecting a test of the upper cloud boundary at 0.7085, and then a downward pullback to 0.7205, which will be confirmed with the price bouncing off the lower boundary of the ascending channel. This rise may be prevented in case price breaks out the lower boundary of the Ichimoku cloud and closes below 0.7055, which will be a signal for a further fall to 0.6965 and below. The rise will get confirmed once the upper boundary of the descending channel is broken out and the price closes above 0.7165.

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

NZDUSD

The NZDUSD is trading at 0.6888, above the Ichimoku cloud, which means there's an uptrend forming. We are expecting a test of the signal lines at 0.6865, and then a fall to 0.6975, which will be confirmed with the price bouncing off the lower boundary of the ascending channel. The rise may be prevented in case price breaks out the lower boundary and closes below 0.6795, which will be a signal for a further fall to 0.6665.

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

USDCAD

The USDCAD is trading at 1.3363, above the Ichimoku cloud, which means there's an uptrend forming. We are expecting a test of the upper cloud boundary at 1.3335, and then a downward pullback to 1.3455, 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 and closes below 1.3305, which will be a signal for a further fall to 1.3225.

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

Author

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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