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Ichimoku Cloud Analysis 29.03.2019 (AUDUSD, NZDUSD, USDCAD)

AUDUSD

The AUDUSD is trading at 0.7093, inside the Ichimoku cloud, which means the pair is trading sideways. We expect a test of the upper cloud boundary at 0.7100, and then a downward pullback to 0.7040, which will be confirmed with the price bouncing off the lower boundary of the descending channel. This fall may be prevented in case the price breaks out the upper boundary and closes above 0.7115, which will be a signal for a further rise to 0.7205 and above. Conversely, the fall will be confirmed once the bottom test of the gets broken out and the price closes below 0.7080.

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

NZDUSD

The NZDUSD is trading at 0.6797, below the Ichimoku cloud, which means there's a downtrend forming. We are expecting a test of the lower cloud boundary at 0.6805, and then a downward pullback to 0.6715, which may be confirmed with the price bouncing off the resistance area. This fall may be prevented in case price breaks out the upper boundary and closes above 0.6860, which will be a signal for a further rise to 0.6965.

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

USDCAD

The USDCAD is trading at 1.3431, above the Ichimoku cloud, which means there's an uptrend forming. We are expecting a test of the upper cloud boundary at 1.3415, and then a downward pullback to 1.3535, which may be confirmed with the price bouncing off the support area. This rise may be prevented in case price breaks out the lower boundary and closes below 1.3380, which will be a signal for a further fall to 1.3275.

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


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