RoboForex - Analytics

RoboForex

863.75 5.25/10
80% of positive reviews
Real
How to join the service?

Ichimoku Cloud Analysis 21.05.2021 (USDJPY, CADCHF, GBPJPY)

USDJPY, “US Dollar vs Japanese Yen”

USDJPY is trading at 108.69; 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 108.90 and then resume moving downwards to reach 107.80. 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 109.35. In this case, the pair may continue growing towards 110.85. To confirm further decline, the asset must break the support level and fix below 108.05, thus completing a Double Top reversal pattern.

Ichimoku Cloud Analysis 21.05.2021 USDJPY
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

CADCHF, “Canadian Dollar vs Swiss Franc”

CADCHF is trading at 0.7422; 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 0.7445 and then resume moving downwards to reach 0.7345. Another signal in favor of a further downtrend will be a rebound from the neckline of a Head & Shoulders reversal pattern. However, the bearish scenario may no longer be valid if the price breaks the cloud’s upside border and fixes above 0.7485. In this case, the pair may continue growing towards 0.7575.

Ichimoku Cloud Analysis 21.05.2021 CADCHF
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

GBPJPY, “Great Britain Pound vs Japanese Yen”

GBPJPY is trading at 154.31; 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 153.95 and then resume moving upwards to reach 156.55. Another signal in favor of a further uptrend will be a rebound from the support level. However, the bullish scenario may no longer be valid if the price breaks the cloud’s downside border and fixes below 152.05. In this case, the pair may continue falling towards 151.15.

Ichimoku Cloud Analysis 21.05.2021 GBPJPY
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