RoboForex - Analytics

RoboForex

872.75 5.25/10
79% of positive reviews
Real
How to join the service?

Ichimoku Cloud Analysis 28.07.2021 (GBPUSD, BRENT, USDCAD)

GBPUSD, “Great Britain Pound vs US Dollar”

GBPUSD is trading at 1.3878; the instrument is moving above Ichimoku Cloud, thus indicating an ascending tendency. The markets could indicate that the price may test Tenkan-Sen and Kijun-Sen at 1.3785 and then resume moving upwards to reach 1.4065. Another signal in favor of a further uptrend will be a rebound from the descending channel’s upside border. However, the bullish scenario may no longer be valid if the price breaks the cloud’s downside border and fixes below 1.3625. In this case, the pair may continue falling towards 1.3535. To confirm further growth, the asset must break the resistance level and fix above 1.3915.

Ichimoku Cloud Analysis 28.07.2021 GBPUSD
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

BRENT

Brent is trading at 74.42; the instrument is moving above Ichimoku Cloud, thus indicating an ascending tendency. The markets could indicate that the price may the cloud’s upside border at 71.85 and then resume moving upwards to reach 79.35. 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 69.45. In this case, the pair may continue falling towards 66.35. To confirm further growth, the asset must break the resistance level and fix above 77.05, thus indicating a breakout of the neckline of a Head & Shoulders reversal pattern.

Ichimoku Cloud Analysis 28.07.2021 BRENT
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

USDCAD, “US Dollar vs Canadian Dollar”

USDCAD is trading at 1.2577; 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 1.2610 and then resume moving downwards to reach 1.2255. 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 1.2700. In this case, the pair may continue growing towards 1.2815. To confirm further decline, the asset must break the rising channel’s downsides border and fix below 1.2495.

Ichimoku Cloud Analysis 28.07.2021 USDCAD
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