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Ichimoku Cloud Analysis 08.06.2018 (AUDUSD, NZDUSD, USDCAD)

08.06.2018

AUDUSD, “Australian Dollar vs US Dollar”

AUDUSD is trading at 0.7587; 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 0.7565 and then continue moving upwards to reach 0.7685. 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 0.7540. In this case, the pair may continue falling towards 0.7440. After breaking the channel’s upside border and fixing above 0.7690, the price may continue moving upwards.

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 0.7019; 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 0.7000 and then continue moving upwards to reach 0.7105. Another signal to confirm further ascending movement is the price’s rebounding from the channel’s upside border. However, the scenario that implies further growth may be cancelled if the price breaks the downside border of the cloud and fixes below 0.6960.

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 1.2998; 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 1.2955 and then continue moving upwards to reach 1.3140. 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 1.2870. In this case, the pair may continue falling towards 1.2745. After breaking the upside border of the Triangle pattern and fixing above 1.2995, the price may continue moving upwards.

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

Attention!

Forecasts presented in this section only reflect the author’s private opinion and should not be considered as guidance for trading. RoboForex bears no responsibility for trading results based on trading recommendations described in these analytical reviews.



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