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Ichimoku Cloud Analysis 16.09.2020 (EURGBP, USDJPY, CADCHF)

EURGBP, “Euro vs Great Britain Pound”

EURGBP is trading at 0.9186; 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 0.9150 and then resume moving upwards to reach 0.9395. 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 0.9020. In this case, the pair may continue falling towards 0.8935.

Ichimoku Cloud Analysis 16.09.2020  EURGBP
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

USDJPY, “US Dollar vs Japanese Yen”

USDJPY is trading at 105.35; 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 105.55 and then resume moving downwards to reach 104.90. 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 105.90. In this case, the pair may continue growing towards 107.05.

Ichimoku Cloud Analysis 16.09.2020  USDJPY
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

CADCHF, “Canadian Dollar vs Swiss Franc”

CADCHF is trading at 0.6883; 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 0.6890 and then resume moving downwards to reach 0.6840. Another signal in favor of further downtrend will be a rebound from the upside border of the Triangle pattern. However, the bearish scenario may no longer be valid if the price breaks the cloud’s upside border and fixes above 0.6910. In this case, the pair may continue growing towards 0.7020. To confirm further decline, the asset must break the downside border of the Triangle pattern and fix below 0.6875.

Ichimoku Cloud Analysis 16.09.2020  CADCHF
Risk Warning: the result of previous trading operations do not guarantee the same results in the future


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