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Ichimoku Cloud Analysis 03.07.2020 (BTCUSD, BRENT, AUDUSD)

BTCUSD, “Bitcoin vs US Dollar”

BTCUSD is trading at 9089.00; 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 9125.00 and then resume moving downwards to reach 8805.00. Another signal in favor of further downtrend will be a rebound from the rising channel’s downside border. However, the bearish scenario may no longer be valid if the price breaks the cloud’s upside border and fixes above 9295.00. In this case, the pair may continue growing towards 9575.00.

Ichimoku Cloud Analysis 03.07.2020 BTCUSD
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

BRENT

Brent is trading at 42.62; 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 42.05 and then resume moving upwards to reach 44.55. Another signal in favor of further uptrend will be a rebound from the rising channel’s downside border. However, the bullish scenario may no longer be valid if the price breaks the cloud’s downside border and fixes below 41.25. In this case, the pair may continue falling towards 38.85.

Ichimoku Cloud Analysis 03.07.2020 BRENT
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 0.6929; 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 0.6915 and then resume moving upwards to reach 0.6995. Another signal in favor of further uptrend will be a rebound from the rising channel’s downside border. However, the bullish scenario may no longer be valid if the price breaks the cloud’s downside border and fixes below 0.6870. In this case, the pair may continue falling towards 0.6795.

Ichimoku Cloud Analysis 03.07.2020 AUDUSD
Risk Warning: the result of previous trading operations do not guarantee the same results in the future


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