RoboForex - Analytics

RoboForex

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

Ichimoku Cloud Analysis 16.08.2021(EURUSD, GBPUSD, XAUUSD)

EURUSD, “Euro vs US Dollar”

EURUSD is trading at 1.1787; the instrument is moving below Ichimoku Cloud, thus indicating a descending tendency. The markets could indicate that the price may test the cloud’s upside border at 1.1805 and then resume moving downwards to reach 1.1695. Another signal in favor of a further downtrend will be a rebound from the resistance level. However, the bearish scenario may be cancelled if the price breaks the cloud’s upside border and fixes above 1.1820. In this case, the pair may continue growing towards 1.1905. To confirm further decline, the asset must break the bullish channel’s downside border and fix below 1.1750.

EURUSD
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

GBPUSD, “Great Britain Pound vs US Dollar”

GBPUSD is trading at 1.3845; 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 1.3865 and then resume moving downwards to reach 1.3695. 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 1.3940. In this case, the pair may continue growing towards 1.4025. To confirm further decline, the asset must break the bullish channel’s downside border and fix below 1.3805.

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

XAUUSD, “Gold vs US Dollar”

XAUUSD is trading at 1773.00; 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 1760.00 and then resume moving upwards to reach 1825.00. 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 1720.00. In this case, the pair may continue falling towards 1685.00. To confirm further growth, the asset must break the descending channel’s upside border and fix above 1795.00.

XAUUSD
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