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Ichimoku Cloud Analysis 06.07.2020 (GBPUSD, BRENT, XAUUSD)

GBPUSD, “Great Britain Pound vs US Dollar”

GBPUSD is trading at 1.2498; the instrument is moving above Ichimoku Cloud, thus indicating an ascending tendency. The markets could indicate that the price may test Tenkan-Sen and Kijun-Sen at 1.2465 and then resume moving upwards to reach 1.2605. Another signal in favor of further uptrend will be a rebound from the support. However, the bullish scenario may no longer be valid if the price breaks the cloud’s downside border and fixes below 1.2410. In this case, the pair may continue falling towards 1.2325.

Ichimoku Cloud Analysis 06.07.2020 GBPUSD
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

BRENT

Brent is trading at 43.16; 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 42.50 and then resume moving upwards to reach 44.65. 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 41.75. In this case, the pair may continue falling towards 39.45.

Ichimoku Cloud Analysis 06.07.2020 BRENT
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

XAUUSD, “Gold vs US Dollar”

XAUUSD is trading at 1772.00; 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 1765.00 and then resume moving upwards to reach 1815.00. Another signal in favor of further uptrend will be a rebound from the downside border of the Triangle pattern. However, the bullish scenario may no longer be valid if the price breaks the cloud’s downside border and fixes below 1755.00. In this case, the pair may continue falling towards 1725.00. To confirm further growth, the asset must break the pattern’s upside border and fix above 1785.00.

Ichimoku Cloud Analysis 06.07.2020 XAUUSD
Risk Warning: the result of previous trading operations do not guarantee the same results in the future


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