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Ichimoku Cloud Analysis 04.03.2020 (NZDUSD, XAUUSD, ETHUSD)

NZDUSD, “New Zealand Dollar vs US Dollar”

NZDUSD is trading at 0.6225; the instrument is moving below Ichimoku Cloud, thus indicating a descending tendency. The markets could indicate that the price may test the cloud’s downside border at 0.6290 and then resume moving downwards to reach 0.6145. Another signal to confirm further descending movement is the price’s rebounding from the descending channel’s upside border. However, the scenario that implies further decline may be canceled if the price breaks the cloud’s upside border and fixes above 0.6375. In this case, the pair may continue growing towards 0.6475.

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

XAUUSD, “Gold vs US Dollar”

XAUUSD is trading at 1644.00; the instrument is moving inside Ichimoku Cloud, thus indicating a sideways tendency. The markets could indicate that the price may test the cloud’s downside border at 1630.00 and then resume moving upwards to reach 1715.00. Another signal to confirm further ascending movement is the price’s rebounding from the support level. However, the scenario that implies further growth may be canceled if the price breaks the cloud’s downside border and fixes below 1620.00. In this case, the pair may continue falling towards 1575.00. After breaking the cloud’s upside border and fixing above 1665.00, the price may resume moving upwards and complete an Inverted Head & Shoulders reversal pattern.

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

ETHUSD, “Ethereum vs. US Dollar”

ETHUSD is trading at 226.00; the instrument is moving below Ichimoku Cloud, thus indicating a descending tendency. The markets could indicate that the price may test the cloud’s downside border at 230.00 and then resume moving downwards to reach 180.00. Another signal to confirm further descending movement is the price’s rebounding from the descending channel’s upside border. However, the scenario that implies further decline may be canceled if the price breaks the cloud’s upside border and fixes above 250.00. In this case, the pair may continue growing towards 275.00. After breaking the Triangle’s downside border and fixing below 215.00, the price may resume moving downwards.

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


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