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Ichimoku Cloud Analysis 17.10.2018 (AUDUSD, NZDUSD, USDCAD)

AUDUSD, “Australian Dollar vs US Dollar”

AUDUSD is trading at 0.7136; the instrument is moving inside Ichimoku Cloud, thus indicating a sideways tendency. The markets could indicate that the price may test the downside border of the cloud at 0.7095 and then resume moving upwards to reach 0.7210. However, the scenario that Implies further growth may be cancelled if the price breaks the downside border of the cloud and fixes below 0.7070. In this case, the pair may continue falling towards 0.7005. After breaking the cloud’s upside border and fixing above 0.7155, 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 0.6588; the instrument is moving above Ichimoku Cloud, thus indicating an ascending tendency. The markets could indicate that the price may test Tenkan-Sen and Kijun-Sen at 0.6565 and then resume moving upwards to reach 0.6685. Another signal to confirm further ascending movement is the price’s rebounding from the channel’s downside border. However, the scenario that Implies further growth may be cancelled if the price breaks the downside border of the cloud and fixes below 0.6455. In this case, the pair may continue falling towards 0.6435.

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 1.2952; the instrument is moving inside Ichimoku Cloud, thus indicating a sideways tendency. The markets could indicate that the price may test Tenkan-Sen and Kijun-Sen at 1.2970 and then continue moving downwards to reach 1.2840. 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 1.2895. In this case, the pair may continue growing towards 1.2795.

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


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