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Ichimoku Cloud Analysis 29.09.2020 (AUDUSD, BRENT, USDCHF)

AUDUSD, “Australian Dollar vs US Dollar”

AUDUSD is trading at 0.7079; 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 0.7115 and then resume moving downwards to reach 0.6890. Another signal in favor of further downtrend will be a rebound from the resistance level. However, the bearish scenario may no longer be valid if the price breaks the cloud’s upside border and fixes above 0.7230. In this case, the pair may continue growing towards 0.7315.

Ichimoku Cloud Analysis 29.09.2020  AUDUSD
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 at the cloud’s downside border 41.95 and then resume moving upwards to reach 45.85. 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 41.05. In this case, the pair may continue falling towards 39.25. To confirm further growth, the asset must break the pattern’s upside border and fix above 43.65.

Ichimoku Cloud Analysis 29.09.2020  BRENT
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

USDCHF, “US Dollar vs Swiss Franc”

USDCHF is trading at 0.9243; 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 0.9210 and then resume moving upwards to reach 0.9375. 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 0.9125. In this case, the pair may continue falling towards 0.9035.

Ichimoku Cloud Analysis 29.09.2020 USDCHF
Risk Warning: the result of previous trading operations do not guarantee the same results in the future


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