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Ichimoku Cloud Analysis 25.11.2020 (BTCUSD, EURJPY, BRENT)

BTCUSD, “Bitcoin vs US Dollar”

BTCUSD is trading at 18874.00; 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 18675.00 and then resume moving upwards to reach 19945.00. 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 17905.00. In this case, the pair may continue falling towards 17025.00.

Ichimoku Cloud Analysis 25.11.2020 BTCUSD
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

EURJPY, “Euro vs Japanese Yen”

EURJPY is trading at 124.31; 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 124.05 and then resume moving upwards to reach 126.25. Another signal in favor of further uptrend is the formation of a Head & Shoulders reversal pattern. However, the bullish scenario may no longer be valid if the price breaks the cloud’s downside border and fixes below 122.95. In this case, the pair may continue falling towards 122.05. To confirm further growth, the asset must break the resistance area and fix above 124.95, thus indicating a breakout the pattern’s “neckline”.

Ichimoku Cloud Analysis 25.11.2020  EURJPY
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

BRENT

Brent is trading at 48.07; 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 47.45 and then resume moving upwards to reach 50.25. 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 46.15. In this case, the pair may continue falling towards 44.65.

Ichimoku Cloud Analysis 25.11.2020  BRENT
Risk Warning: the result of previous trading operations do not guarantee the same results in the future


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