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Ichimoku Cloud Analysis 14.04.2021 (EURUSD, GBPNZD, XAGUSD)

EURUSD, “Euro vs US Dollar”

EURUSD is trading at 1.1964; 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 1.1895 and then resume moving upwards to reach 1.2160. Another signal in favor of a further uptrend will be a rebound from the rising channel’s downside border. However, the bullish scenario may be canceled if the price breaks the cloud’s downside border and fixes below 1.1805. In this case, the pair may continue falling towards 1.1715. To confirm further growth, the asset must break the descending channel’s upside border and fix above 1.2025.

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

GBPNZD, “Great Britain Pound vs New Zealand Dollar”

GBPNZD is trading at 1.9420; 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 1.9475 and then resume moving downwards to reach 1.9095. Another signal in favor of a 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 1.9675. In this case, the pair may continue growing towards 1.9765.

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

XAGUSD, “Silver vs US Dollar”

XAGUSD is trading at 25.40; the instrument is moving above Ichimoku Cloud, thus indicating an ascending tendency. The markets could indicate that the price may test the cloud’s downside border at 24.95 and then resume moving upwards to reach 27.45. Another signal in favor of a further uptrend will be a rebound from the upside border of a Wolfe Wave pattern; the target of the pattern materialization is at 27.50. However, the bullish scenario may no longer be valid if the price breaks the cloud’s downside border and fixes below 24.25. In this case, the pair may continue falling towards 23.35.

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


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