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Ichimoku Cloud Analysis 17.04.2020 (NZDUSD, USDCAD, XAUUSD)

NZDUSD, “New Zealand Dollar vs US Dollar”

NZDUSD is trading at 0.6007; the instrument is moving inside Ichimoku Cloud, thus indicating a sideways tendency. The markets could indicate that the price may test the cloud’s upside border at 0.6015 and then resume moving downwards to reach 0.5885. 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 0.6060. In this case, the pair may continue growing towards 0.6140. After breaking the cloud’s downside border and fixing below 0.5945, the price may resume moving downwards.

NZDUSD is trading at 0.6007
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

USDCAD

USDCAD is trading at 1.4030; 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 1.3990 and then resume moving upwards to reach 1.4220. 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 1.3975. In this case, the pair may continue falling towards 1.3895. After breaking the cloud’s upside border and fixing above 1.4115, the price may resume moving upwards.

USDCAD is trading at 1.4030
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 1687.00; 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 1713.00 and then resume moving downwards to reach 1605.00. Another signal to confirm further descending movement is the price’s rebounding from the rising channel’s downside border. However, the scenario that implies further decline may be canceled if the price breaks the cloud’s upside border and fixes above 1740.00. In this case, the pair may continue growing towards 1785.00. After breaking the rising channel’s downside border and fixing below 1655.00, the price may resume moving downwards.

GOLD is trading at 1687.00
Risk Warning: the result of previous trading operations do not guarantee the same results in the future


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