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Ichimoku Cloud Analysis 20.02.2018 (AUDUSD, NZDUSD, USDCAD)

AUDUSD, “Australian Dollar vs US Dollar”

AUDUSD is trading at 0.7923; the instrument is moving above Ichimoku Cloud, which means that it may continue growing. The markets could indicate that the price may test the upside border of the cloud at 0.7920 and then continue moving upwards to reach 0.8040. Another signal to confirm further ascending movement is the price’s rebounding from the upside border of the descending channel. However, the scenario that Implies further growth may be cancelled if the price breaks the downside border of the cloud and fixes below 0.7840. In this case, the pair may continue falling towards 0.7760.

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 0.7361; the instrument is moving above Ichimoku Cloud, which means that it may continue growing. The markets could indicate that the price may test Tenkan-Sen and Kijun-Sen at 0.7335 and then continue moving upwards to reach 0.7480. 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 0.7280. In this case, the pair may continue falling towards 0.7185.

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 1.2578; the instrument is moving inside Ichimoku Cloud, which means that it is moving sideways. The markets could indicate that the price may test Tenkan-Sen and Kijun-Sen at 1.2540 and then continue moving upwards to reach 1.2705. However, the scenario that implies further growth may be cancelled if the price breaks the downside border of the cloud and fixes below 1.2460. In this case, the pair may continue falling towards 1.2270. After breaking the upside border of the cloud and fixing above 1.2630, the price may resume growing.

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

 

RoboForex Analytical Department

 


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