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Ichimoku Cloud Analysis 24.07.2019 (AUDUSD, NZDUSD, USDCAD)

AUDUSD

The instrument is trading at 0.6982 below the Cloud, which suggests a descending trend. Testing of the lower border of the Cloud near 0.7000 is expected, followed by a decline to 0.6905. Yet another signal of decline may be a bounce off the lower border of the ascending channel. The scenario may no longer be valid in case the upper border of the Cloud is broken and trading closes above 0.7035, which may be followed by further growth above 0.7095

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

NZDUSD

The instrument is trading at 0.6697 below the Ichimoku Cloud which suggests a descending trend. A test of the upper border of the Cloud near 0.6720 is expected, followed by a decline to 0.6615. Yet another signal of decline may be a bounce off the resistance level. The scenario may no longer be valid in case the upper border of the Cloud is broken and trading closes above 0.6755, which may be followed by further growth to 0.6835.

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

USDCAD

The instrument is trading at 1.3133 above the Ichimoku Cloud which suggests an ascending trend. Testing of the signal lines of the indicator near 1.3105 is expected, followed by growth to 1.3335. Yet another signal of growth may be a bounce off the upper border of the descending channel. The scenario may no longer be valid in case the lower border of the Cloud is broken and trading closes below 1.3025, which may be followed by further decline to 1.2935.

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


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