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Ichimoku Cloud Analysis 28.06.2021 (EURUSD, GBPJPY, AUDUSD)

EURUSD, “Euro vs US Dollar”

EURUSD is trading at 1.1925; 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 1.1930 and then resume moving downwards to reach 1.1745. Another signal in favor of a further downtrend will be a rebound from the descending channel’s upside border. However, the bearish scenario may be canceled if the price breaks the cloud’s upside border and fixes above 1.2045. In this case, the pair may continue growing towards 1.2135.

Ichimoku Cloud Analysis 28.06.2021 EURUSD
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 153.82; 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 153.50 and then resume moving upwards to reach 156.25. Another signal in favor of a further uptrend will be the formation of a Head & Shoulders reversal pattern. However, the bullish scenario may no longer be valid if the price breaks the cloud’s downside border and fixes below 152.50. In this case, the pair may continue falling towards 151.55. To confirm further growth, the asset must break the resistance level and fix above 155.55, thus completing the above-mentioned pattern.

Ichimoku Cloud Analysis 28.06.2021 GBPJPY
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 0.7588; the instrument is moving inside Ichimoku Cloud, thus indicating a sideways tendency. The markets could indicate that the price may test Tenkan-Sen and Kijun-Sen at 0.7595 and then resume moving downwards to reach 0.7395. 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 0.7665. In this case, the pair may continue growing towards 0.7755.

Ichimoku Cloud Analysis 28.06.2021 AUDUSD
Risk Warning: the result of previous trading operations do not guarantee the same results in the future


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