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Ichimoku Cloud Analysis 06.05.2020 (USDJPY, BTCUSD, AUDUSD)

USDJPY, “US Dollar vs Japanese Yen”

USDJPY is trading at 106.33; 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 106.55 and then resume moving downwards to reach 105.75. 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 106.85. In this case, the pair may continue growing towards 107.55.

USDJPY  is trading at 106.33
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 8999.00; the instrument is moving above Ichimoku Cloud, thus indicating a bullish tendency. The markets could indicate that the price may test the cloud’s downside border at 8765.00 and then resume moving upwards to reach 9765.00. 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 8505.00. In this case, the pair may continue falling towards 7755.00. After breaking the upside border of the Triangle pattern and fixing above 9265.00, the price may resume moving upwards.

BTCUSD is trading at 8999.00
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

AUDUSD, “Australian Dollar vs US Dollar”

AUDUSD is trading at 0.6445; the instrument is moving above Ichimoku Cloud, thus indicating a bullish tendency. The markets could indicate that the price may test the cloud’s downside border at 0.6425 and then resume moving upwards to reach 0.6520. Another signal to confirm further ascending movement is the price’s rebounding from the descending channel’s upside border. However, the scenario that implies further growth may be canceled if the price breaks the cloud’s downside border and fixes below 0.6395. In this case, the pair may continue falling towards 0.6305.

AUDUSD s trading at 0.6445
Risk Warning: the result of previous trading operations do not guarantee the same results in the future


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