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Ichimoku Cloud Analysis 14.05.2021 (XAUUSD, AUDUSD, EURGBP)

XAUUSD, “Gold vs US Dollar”

XAUUSD is trading at 1828.00; 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 1800.00 and then resume moving upwards to reach 1885.00. 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 1785.00. In this case, the pair may continue falling towards 1745.00. To confirm further growth, the asset must break the descending channel’s upside border and fix above 1835.00.

Ichimoku Cloud Analysis 14.05.2021 XAUUSD
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

AUDUSD, “Australian Dollar vs US Dollar”

AUDUSD is trading at 0.7730; 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 0.7785 and then resume moving downwards to reach 0.7565. Another signal in favor of a further downtrend will be a rebound from the resistance level. However, the bearish scenario may no longer be valid if the price breaks the cloud’s upside border and fixes above 0.7825. In this case, the pair may continue growing towards 0.7905. To confirm further decline, the asset must break the support level and fix below 0.7665, thus completing a Head & Shoulders reversal pattern.

Ichimoku Cloud Analysis 14.05.2021 AUDUSD
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

EURGBP, “Euro vs Great Britain Pound”

EURGBP is trading at 0.8611; 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 0.8630 and then resume moving downwards to reach 0.8465. Another signal in favor of a further downtrend will be a rebound from the downside 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 0.8695. In this case, the pair may continue growing towards 0.8785. To confirm further decline, the asset must break the rising channel’s downside border and fix below 0.8565.

Ichimoku Cloud Analysis 14.05.2021 EURGBP
Risk Warning: the result of previous trading operations do not guarantee the same results in the future


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