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Ichimoku Cloud Analysis 04.05.2020 (USDJPY, USDCAD, BTCUSD)

USDJPY, “US Dollar vs Japanese Yen”

The currency pair is trading at 106.76 under the Ichimoku Cloud, suggesting a bearish trend. A test of the lower border of the indicator near 107.10 is expected, followed by a decline to 105.45. An additional signal confirming the decline will be a bounce off the upper border of the descending channel. The falling will be canceled in the case of a breakaway of the upper border of the Cloud and closing above 107.45, which will mean further growth above 108.35.

USDJPY is trading at 106.76
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

USDCAD, “US Dollar vs Canadian Dollar”

The currency pair is trading at 1.4130 above the Ichimoku Cloud, suggesting an uptrend. A test of the upper line of the indicator near 1.4065 is expected, followed by growth to 1.4355. An additional signal confirming the growth will be a bounce off the upper border of the descending channel. The growth will be canceled in the case of a breakaway of the lower border of the Cloud and closing under 1.3885, which will mean further declining to the area around 1.3795.

USDCAD is trading at 1.4130
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

BTCUSD, “Bitcoin vs US Dollar”

The currency pair is trading at 8603 above the Ichimoku Cloud, suggesting an uptrend. A test of the upper border of the indicator near 8585 is expected, followed by growth to 9805. An additional signal confirming the growth will be a bounce off the lower border of the ascending channel. The growth will be canceled in the case of a breakaway of the lower border of the Cloud and closing under 7805, which will mean further decline under 7205.The growth will be confirmed by a breakaway of the upper border of the Triangle and closing above 9365.

BTCUSD is trading at 8603
Risk Warning: the result of previous trading operations do not guarantee the same results in the future


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