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Ichimoku Cloud Analysis 05.02.2018 (AUDUSD, NZDUSD, USDCAD)

AUDUSD, “Australian Dollar vs US Dollar”

AUDUSD is trading at 0.7926; the instrument is moving below Ichimoku Cloud, which means that it may continue falling. We should expect the price to test Tenkan-Sen and Kijun-Sen at 0.7955 and then continue moving downwards to reach 0.7820. Another signal to confirm further descending movement is the price’s rebounding from the upside border of the descending channel. However, the scenario that Implies further decline may be cancelled if the price breaks the upside border of the cloud and fixes above 0.8070. In this case, the pair may continue growing towards 0.8165.

AUDUSDRisk Warning: the results of previous trading operations do not guarantee the same results in the future.

NZDUSD, “New Zealand Dollar vs US Dollar”

NZDUSD is trading at 0.7298; the instrument is moving below Ichimoku Cloud, which means that it may continue falling. We should expect the price to test Tenkan-Sen and Kijun-Sen at 0.7315 and then continue moving downwards to reach 0.7225. . 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 cancelled if the price breaks the upside border of the cloud and fixes above 0.7370. In this case, the pair may continue growing towards 0.7475.

NZDUSDRisk Warning: the results of previous trading operations do not guarantee the same results in the future.

USDCAD, “US Dollar vs Canadian Dollar”

USDCAD is trading at 1.2416; the instrument is moving above Ichimoku Cloud, which means that it may continue growing. We should expect the price to test the upside border of the cloud at 1.2395 and then continue moving upwards to reach 1.2520. Another signal to confirm further ascending movement is the price’s rebounding from the support level. However, the scenario that implies further growth may be cancelled if the price breaks the downside border of the cloud and fixes below 1.2305. In this case, the pair may continue falling towards 1.2200.

USDCADRisk Warning: the results of previous trading operations do not guarantee the same results in the future.

 

RoboForex Analytical Department

 



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