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Ichimoku Cloud Analysis 09.07.2021 (NZDUSD, USDJPY, USDCHF)

NZDUSD, “New Zealand Dollar vs US Dollar”

NZDUSD is trading at 0.6940; 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 0.6960 and then resume moving downwards to reach 0.6805. Another signal in favor of a further downtrend will be a rebound from the downside border of a Triangle pattern. However, the bearish scenario may be canceled if the price breaks the cloud’s upside border and fixes above 0.7050. In this case, the pair may continue growing towards 0.7145.

Ichimoku Cloud Analysis 09.07.2021 NZDUSD
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

USDJPY, “US Dollar vs Japanese Yen”

USDJPY is trading at 109.97; 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 110.10 and then resume moving downwards to reach 108.95. 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 110.25. In this case, the pair may continue growing towards 111.10.

Ichimoku Cloud Analysis 09.07.2021 USDJPY
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

USDCHF, “US Dollar vs Swiss Franc”

USDCHF is trading at 0.9157; 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 0.9190 and then resume moving downwards to reach 0.9050. Another signal in favor of a further downtrend will be a rebound from the bullish 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 0.9260. In this case, the pair may continue growing towards 0.9350.

Ichimoku Cloud Analysis 09.07.2021 USDCHF
Risk Warning: the result of previous trading operations do not guarantee the same results in the future


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