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Ichimoku Analysis: AUD/USD, NZD/USD, USD/CAD, July 26, 2018

AUD/USD

The AUD/USD is trading at 0.7443 above the Ichimoku cloud, which means there's an uptrend forming. We expect a test of the upper cloud boundary at 0.7420, and then a further growth to 0.7510. This rise may be prevented in case the price breaks out the lower boundary of Ichimoku cloud and closes below 0.7385, which will be a signal for a further fall to 0.7305 and below. The rise of the price may be confirmed by the price bouncing off the support level.

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

NZD/USD

The NZD/USD is trading at 0.6840 above the Ichimoku cloud, which means there is an uptrend forming. We expect a test of the signal lines at 0.6820, and then a continuous rise to 0.6890. This rise may be prevented in case the price breaks out the lower boundary of Ichimoku cloud and closes below 0.6750, which will be a signal for a further fall to 0.6775. The rise of the price may be confirmed by the price bouncing off the lower border of the ascending channel.

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

USD/CAD

The USD/CAD is trading at 1.3033 below the Ichimoku cloud, which means there is a downtrend forming. We expect a test of the lower signal lines at 1.3055, and then a continuous fall to 1.2960. This fall may be prevented in case price breaks out the upper boundary and closes above 1.3125, which will be a signal for a further rise to 1.3195. The fall of the price may be confirmed by the price bouncing off the upper boundary of the descending channel.

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



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