RoboForex - Analytics

RoboForex

944.75 5.25/10
79% of positive reviews
Real
How to join the service?

Ichimoku Cloud Analysis 07.09.2020 (EURUSD, USDCAD, CADJPY)

EURUSD, “Euro vs US Dollar”

EURUSD is trading at 1.1829, pushing off the lower border of the ascending channel: buyers are trying to prevent a breakaway of this area. The quotations are alreadytrading under the Ichimoku Cloud, suggesting a downtrend. A test of the lower border of the Cloud at 1.1875 is expected, followed by falling to 1.1645. An additional signal confirming the decline will be a bounce off the resistance line. The falling will be canceled in the case of a breakaway of the upper border of the Cloud and closing above 1.1965, which will mean further growth to 1.2045. The decline will be confirmed by a breakaway of the lower border of the ascending channel and securing under 1.1765.

Ichimoku Cloud Analysis 07.09.2020  EURUSD
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

USDCAD, “US Dollar vs Canadian Dollar”

USDCAD is trading at 1.3099 under the Ichimoku Cloud, suggesting a downtrend. Another Head and Shoulders reversal pattern is ready to form. A test of the upper border of the Cloud at 1.3105 is expected, followed by falling to 1.2965. An additional signal confirming the decline will be a bounce off the lower border of the ascending channel. The falling will be canceled in the case of a breakaway of the upper border of the Cloud and securing above 1.3145, which will mean further growth to 1.3235. The decline will be confirmed by a breakaway of the support area and securing under 1.3025, which will mean a Head and Shoulders reversal pattern is complete.

Ichimoku Cloud Analysis 07.09.2020  USDCAD
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

CADJPY, “Canadian Dollar vs Japanese Yen”

CADJPY is trading at 81.10 above the Ichimoku Cloud, suggesting an uptrend. A test of the lower border of the Cloud near 80.70 is expected, followed by growth to 82.15. An additional signal confirming the growth will be a bounce off the lower border of the ascending channel. The growth will be canceled in the case of a breakaway of the lower border of the Cloud and closing under 80.25, which will mean further declining to 70.35. The growth will be confirmed by a breakaway of the upper border of the Triangle and securing above 81.55.

Ichimoku Cloud Analysis 07.09.2020  CADJPY
Risk Warning: the result of previous trading operations do not guarantee the same results in the future


To leave a comment you must or Join us


By visiting our website and services, you agree to the conditions of use of cookies. Learn more
I agree