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Ichimoku Cloud Analysis 24.06.2020 (USDCHF, BTCUSD, USDRUB)

USDCHF, “US Dollar vs Swiss Franc”

USDCHF is trading at 0.9437; 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 0.9460 and then resume moving downwards to reach 0.9370. 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 0.9485. In this case, the pair may continue growing towards 0.9575.

Ichimoku Cloud Analysis 24.06.2020 USDCHF
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 9630.00; the instrument is moving above Ichimoku Cloud, thus indicating an ascending tendency. The markets could indicate that the price may test the cloud’s upside border at 9605.00 and then resume moving upwards to reach 9925.00. Another signal in favor of further uptrend will be a rebound from the downside border of a Triangle pattern. However, the bullish scenario may no longer be valid if the price breaks the cloud’s downside border and fixes below 9425.00. In this case, the pair may continue falling towards 9075.00. To confirm further growth, the asset must break the Triangle’s upside border and fix above 9715.00.

Ichimoku Cloud Analysis 24.06.2020 BTCUSD
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 68.60; 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 69.00 and then resume moving downwards to reach 67.55. 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 70.05. In this case, the pair may continue growing towards 71.10.

Ichimoku Cloud Analysis 24.06.2020 USDRUB
Risk Warning: the result of previous trading operations do not guarantee the same results in the future


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