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Ichimoku Cloud Analysis 31.08.2018 (AUDUSD, NZDUSD, USDCAD)

AUDUSD, “Australian Dollar vs US Dollar”

AUDUSD is trading at 0.7258; the instrument is moving below Ichimoku Cloud, which means that it may continue falling. The markets could indicate that the price may test the downside border of the cloud at 0.7285 and then resume moving downwards to reach 0.7190. 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 0.7335. In this case, the pair may continue growing towards 0.7435. After breaking the downside border of the Triangle pattern and fixing below 0.7240, 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 0.6648; 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 0.6665 and then continue moving downwards to reach 0.6560. 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 0.6685. In this case, the pair may continue growing towards 0.6750. After breaking the cloud’s downside border and fixing below 0.6610, the price may finish the Double Top pattern and continue moving downwards.

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 1.3007; the instrument is moving below Ichimoku Cloud, which means that it may continue falling. The markets could indicate that the price may test the downside border of the cloud at 1.3010 and then continue moving downwards to reach 1.2875. 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 1.3030. In this case, the pair may continue growing towards 1.3150.

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


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