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Ichimoku Cloud Analysis 19.06.2020 (GBPUSD, EURUSD, USDRUB)

GBPUSD, “Great Britain Pound vs US Dollar”

GBPUSD is trading at 1.2446; 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 1.2470 and then resume moving downwards to reach 1.2295. Another signal in favor of further downtrend will be a rebound from the descending channel’s upside border. However, the bearish scenario may no longer be valid if the price breaks the cloud’s upside border and fixes above 1.2615. In this case, the pair may continue growing towards 1.2705. To confirm further decline, the asset must break the descending channel’s downside border and fix below 1.2370.

Ichimoku Cloud Analysis 19.06.2020 GBPUSD
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 1.1215; the instrument is moving below Ichimoku Cloud, thus indicating a descending tendency. The markets could indicate that the price may test the cloud’s downside border at 1.1230 and then resume moving downwards to reach 1.1120. Another signal in favor of further downtrend will be a rebound from the descending channel’s upside border. However, the bearish scenario may be canceled if the price breaks the cloud’s upside border and fixes above 1.1300. In this case, the pair may continue growing towards 1.1385.

Ichimoku Cloud Analysis 19.06.2020 EURUSD
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

USDRUB, “US Dollar vs Russian Ruble”

USDRUB is trading at 69.58; 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 69.35 and then resume moving upwards to reach 71.30. Another signal in favor of further uptrend will be a rebound from the rising channel’s downside border. However, the bullish scenario may be canceled if the price breaks the cloud’s downside border and fixes below 68.95. In this case, the pair may continue falling towards 68.05. To confirm further growth, the asset must break the cloud’s upside border and fix above 70.05.

Ichimoku Cloud Analysis 19.06.2020 USDRUB
Risk Warning: the result of previous trading operations do not guarantee the same results in the future


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