rfxsignals March 13, 2020 No Comments

Ichimoku Cloud Analysis 13.03.2020 (AUDUSD, USDCHF, USDCAD)

13.03.2020

AUDUSD, “Australian Dollar vs US Dollar”

AUDUSD is trading at 0.6305; 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 0.6315 and then resume moving downwards to reach 0.6045. 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 0.6485. In this case, the pair may continue growing towards 0.6565.

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

USDCHF, “US Dollar vs Swiss Franc”

USDCHF is trading at 0.9430; the instrument is moving below Ichimoku Cloud, thus indicating a descending tendency. The markets could indicate that the price may test the cloud’s upside border at 0.9470 and then resume moving downwards to reach 0.9195. 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 0.9525. In this case, the pair may continue growing towards 0.9655. After breaking the rising channel’s downside border and fixing below 0.9325, the price may resume moving downwards.

USDCHF
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 1.3882; the instrument is moving above Ichimoku Cloud, thus indicating an ascending tendency. The markets could indicate that the price may test Tenkan-Sen and Kijun-Sen at 1.3735 and then resume moving upwards to reach 1.4175. 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 1.3505. In this case, the pair may continue falling towards 1.3425.

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