RoboForex - Analytics

RoboForex

872.75 5.25/10
79% of positive reviews
Real
How to join the service?

Ichimoku Cloud Analysis 29.03.2021 (EURJPY, BRENT, NZDCAD)

EURJPY, “Euro vs Japanese Yen”

EURJPY is trading at 128.91; the instrument is moving below Ichimoku Cloud, thus indicating a descending tendency. The markets could indicate that the price may test Tenkan-Sen and Kijun-Sen at 129.10 and then resume moving downwards to reach 127.55. 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 129.95. In this case, the pair may continue growing towards 130.85. To confirm further decline, the asset must break the rising channel’s downside border and fix below 128.55.

Ichimoku Cloud Analysis 29.03.2021 EURJPY
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

BRENT

Brent is trading at 63.14; 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 64.35 and then resume moving downwards to reach 57.05. Another signal in favor of a further downtrend will be a rebound from the upside border of the Triangle pattern. However, the bearish scenario may no longer be valid if the price breaks the cloud’s upside border and fixes above 66.25. In this case, the pair may continue growing towards 69.55. To confirm further decline, the asset must break the pattern’s downside border and fix below 61.05.

Ichimoku Cloud Analysis 29.03.2021 BRENT
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

NZDCAD, “New Zealand Dollar vs Canadian Dollar”

NZDCAD is trading at 0.8803; the instrument is moving below Ichimoku Cloud, thus indicating a descending tendency. The markets could indicate that the price may test Tenkan-Sen and Kijun-Sen at 0.8825 and then resume moving downwards to reach 0.8625. 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 0.8925. In this case, the pair may continue growing towards 0.9005. To confirm further decline, the asset must break the rising channel’s downside border and fix below 0.8745.

Ichimoku Cloud Analysis 29.03.2021 NZDCAD
Risk Warning: the result of previous trading operations do not guarantee the same results in the future


To leave a comment you must or Join us


By visiting our website and services, you agree to the conditions of use of cookies. Learn more
I agree