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Ichimoku Cloud Analysis 27.08.2018 (AUDUSD, NZDUSD, USDCAD)

AUDUSD, “Australian Dollar vs US Dollar”

AUDUSD is trading at 0.7321; the instrument is moving inside Ichimoku Cloud, which means that it is moving sideways. The markets could indicate that the price may test the upside border of the cloud at 0.7325 and then resume moving downwards to reach 0.7250. 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 0.7355. In this case, the pair may continue growing towards 0.7445. After breaking the downside border of the Triangle pattern and fixing below 0.7220, the price may continue moving downwards.

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 0.6686; 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 0.6640 and then continue moving upwards to reach 0.6765. Another signal to confirm further ascending movement is the price’s rebounding from the downside border of the Triangle pattern. However, the scenario that implies further growth may be cancelled if the price breaks the downside border of the cloud and fixes below 0.6610. In this case, the pair may continue falling towards 0.6560. After breaking the upside border of the Triangle pattern and fixing above 0.6710, the price may continue moving upwards

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 1.3016; the instrument is moving below Ichimoku Cloud, which means that it may continue falling. The markets could indicate that the price may test Tenkan-Sen and Kijun-Sen at 1.3045 and then continue moving downwards to reach 1.2930. 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 1.3080. In this case, the pair may continue growing towards 1.3170.

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


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