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Ichimoku Cloud Analysis 25.02.2021 (XAUUSD, EURJPY, USDPLN)

XAUUSD, “Gold vs US Dollar”

XAUUSD is trading at 1795.00; 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 1805.00 and then resume moving downwards to reach 1740.00. Another signal in favor of a further downtrend will be a rebound from the descending channel’s upside border. However, the bearish scenario may no longer be valid if the price breaks the cloud’s upside border and fixes above 1825.00. In this case, the pair may continue growing towards 1855.00. To confirm further decline, the asset must break the rising channel’s downside border and fix below 1775.00.

XAUUSD
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 128.98; 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 128.55 and then resume moving upwards to reach 129.95. Another signal in favor of a 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 127.25. In this case, the pair may continue falling towards 126.45. To confirm further growth, the asset must break the rising channel’s upside border and fix above 129.45.

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

USDPLN, “US Dollar vs Poland Zloty”

USDPLN is trading at 3.7001; 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 3.7100 and then resume moving downwards to reach 3.6555. Another signal in favor of a further downtrend will be a rebound from the descending channel’s upside border. However, the bearish scenario may no longer be valid if the price breaks the cloud’s upside border and fixes above 3.7255. In this case, the pair may continue growing towards 3.7500. To confirm further decline, the asset must break the support level and fix below 3.6800, thus indicating the completion of a Head & Shoulders pattern.

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


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