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Ichimoku Cloud Analysis 28.09.2020 NZDUSD, USDCAD, USDRUB)

NZDUSD, “New Zealand Dollar vs US Dollar”

NZDUSD is trading at 0.6546; 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 0.6575 and then resume moving downwards to reach 0.6405. 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 0.6705. In this case, the pair may continue growing towards 0.6805.

NZDUSD
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 1.3383; 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 1.3345 and then resume moving upwards to reach 1.3535. 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 1.3165. In this case, the pair may continue falling towards 1.3075. To confirm further growth, the asset must break the pattern’s upside border and fix above 1.3445.

USDCAD
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 78.22; 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 77.70 and then resume moving upwards to reach 80.65. Another signal in favor of further uptrend will be a rebound from the rising channel’s upside border. However, the bullish scenario may be canceled if the price breaks the cloud’s downside border and fixes below 74.65. In this case, the pair may continue falling towards 73.55.

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


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