rfxsignals January 8, 2020 No Comments
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Ichimoku Cloud Analysis 08.01.2020 (AUDUSD, NZDUSD, USDCAD)

08.01.2020

AUDUSD, “Australian Dollar vs US Dollar”

AUDUSD is trading at 0.6869; 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 0.6905 and then resume moving downwards to reach 0.6765. Another signal to confirm further descending movement is the price’s rebounding from the resistance level. However, the scenario that implies further decline may be canceled if the price breaks the cloud’s upside border and fixes above 0.6980. In this case, the pair may continue growing towards 0.7065.

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

NZDUSD, “New Zealand Dollar vs US Dollar”

NZDUSD is trading at 0.6643; 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 0.6660 and then resume moving downwards to reach 0.6455. 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 0.6735. In this case, the pair may continue growing towards 0.6855.

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

USDCAD, “US Dollar vs Canadian Dollar”

USDCAD is trading at 1.2980; 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 1.2990 and then resume moving downwards to reach 1.2805. 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 1.3105. In this case, the pair may continue growing towards 1.3185.

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