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Ichimoku Cloud Analysis 29.12.2020 (EURJPY, CADCHF, ETHUSD)

EURJPY, “Euro vs Japanese Yen”

EURJPY is trading at 126.96; 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 126.45 and then resume moving upwards to reach 128.05. Another signal in favor of further uptrend will be a rebound from the upside border of a Triangle pattern. However, the bullish scenario may no longer be valid if the price breaks the cloud’s downside border and fixes below 125.75. In this case, the pair may continue falling towards 124.85.

EURJPY
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 0.6917; the instrument is moving inside Ichimoku Cloud, thus indicating a sideways tendency. The markets could indicate that the price may test the cloud’s upside border at 0.6925 and then resume moving downwards to reach 0.6845. Another signal in favor of further downtrend will be a rebound from the rising channel’s downside border. However, the bearish scenario may no longer be valid if the price breaks the cloud’s upside border and fixes above 0.6945. In this case, the pair may continue growing towards 0.7035.

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

ETHUSD, “Ethereum vs US Dollar”

ETHUSD is trading at 707.12; 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 685.65 and then resume moving upwards to reach 810.05. Another signal in favor of further uptrend is 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 645.05. In this case, the pair may continue falling towards 575.05.

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


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