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Ichimoku Cloud Analysis 16.03.2021 (USDPLN, USDCAD, EURJPY)

USDPLN, “US Dollar vs Poland Zloty”

USDPLN is trading at 3.8436; 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 3.7700 and then resume moving upwards to reach 3.9400. 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 3.7505. In this case, the pair may continue falling towards 3.7000.

Ichimoku Cloud Analysis 16.03.2021 USDPLN
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

USDCAD, “US Dollar vs Canadian Dollar”

USDCAD is trading at 1.2479; the instrument is moving below Ichimoku Cloud, thus indicating a descending tendency. The markets could indicate that the price may test the cloud’s upside border at 1.2505 and then resume moving downwards to reach 1.2345. Another signal in favor of a further downtrend will be a rebound from 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 1.2565. In this case, the pair may continue growing towards 1.2655.

Ichimoku Cloud Analysis 16.03.2021 USDCAD
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 130.24; 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 129.65 and then resume moving upwards to reach 131.20. 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 128.75. In this case, the pair may continue falling towards 127.95.

Ichimoku Cloud Analysis 16.03.2021 EURJPY
Risk Warning: the result of previous trading operations do not guarantee the same results in the future


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