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Ichimoku Cloud Analysis 11.03.2020 (EURUSD, BTCUSD, USDCAD)

EURUSD, “Euro vs US Dollar”

EURUSD is trading at 1.1349; 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 1.1345 and then resume moving upwards to reach 1.1585. Another signal to confirm further ascending movement is the price’s rebounding from the ascending trendline. However, the scenario that implies further growth may be canceled if the price breaks the cloud’s downside border and fixes below 1.0995. In this case, the pair may continue falling towards 1.0875.

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

BTCUSD, “Bitcoin vs US Dollar”

BTCUSD is trading at 78160.00; the instrument is moving below Ichimoku Cloud, thus indicating a descending tendency. The markets could indicate that the price may test Tenkan-Sen and Kijun-Sen at 8865.00 and then resume moving downwards to reach 6995.00. 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 8925.00. In this case, the pair may continue growing towards 9605.00.

BTCUSD
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 1.3711; the instrument is moving above Ichimoku Cloud, thus indicating an ascending tendency. The markets could indicate that the price may test the cloud’s upside border at 1.3615 and then resume moving upwards to reach 1.3925. Another signal to confirm further ascending movement is the price’s rebounding from the rising channel’s downside border. However, the scenario that implies further growth may be canceled if the price breaks the cloud’s downside border and fixes below 1.3540. In this case, the pair may continue falling towards 1.3465.

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


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