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Ichimoku Cloud Analysis 07.12.2020 (BTCUSD, BRENT, USDJPY)

BTCUSD, “Bitcoin vs US Dollar”

Cloud near 18,915 is expected, followed by growth to 20,715. An additional signal for growth might be a bounce off the lower border of the Triangle pattern. The growth might be canceled by a breakaway of the lower border of the Cloud and securing under 17,855, which will mean further falling to 17,055. The growth can be confirmed by a breakaway of the upper border of the Triangle and securing under 19,895.

Ichimoku Cloud Analysis 07.12.2020 BTCUSD
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

BRENT

Oil is trading at 49.07 above the Ichimoku Cloud, indicating an uptrend. A test of the upper border of the Cloud near 48.75 is expected, followed by growth to 50.80. An additional signal for growth might be a bounce off the lower border of ascending channel. The growth might be canceled by a breakaway of the lower border of the Cloud and securing under 47.75, which will mean further falling to 44.75.

Ichimoku Cloud Analysis 07.12.2020 BRENT
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 104.08 under the Ichimoku Cloud, indicating a downtrend. A test of the upper border of the Cloud near 104.20 is expected, followed by falling to 103.15. An additional signal for the decline might be a bounce off the resistance level. The decline might be canceled by a breakaway of the upper border of the Cloud and securing above 104.55, which will mean further growth to 105.45. The decline can be confirmed by a breakaway of the lower border of the Triangle and securing above 103.55.

Ichimoku Cloud Analysis 07.12.2020 USDJPY
Risk Warning: the result of previous trading operations do not guarantee the same results in the future


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