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Ichimoku Cloud Analysis 08.04.2020 (BTCUSD, EURUSD, USDCAD)

BTCUSD, “Bitcoin vs US Dollar”

BTCUSD is trading at 7381.00; the instrument is moving above Ichimoku Cloud, thus indicating a bullish tendency. The markets could indicate that the price may test Tenkan-Sen and Kijun-Sen at 7115.00 and then resume moving upwards to reach 8055.00. 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 6405.00. In this case, the pair may continue falling towards 5835.00.

BTCUSD april 8
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

EURUSD, “Euro vs US Dollar”

EURUSD is trading at 1.0844; 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 1.0845 and then resume moving downwards to reach 1.0625. 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 1.0985. In this case, the pair may continue growing towards 1.1075.

EURUSD april 8
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 1.4028; the instrument is moving below Ichimoku Cloud, thus indicating a bearish tendency. The markets could indicate that the price may test the cloud’s downside border at 1.4050 and then resume moving downwards to reach 1.3885. 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 1.4145. In this case, the pair may continue growing towards 1.4235.

USDCAD april 8
Risk Warning: the result of previous trading operations do not guarantee the same results in the future


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