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Ichimoku Cloud Analysis 07.10.2021 (EURUSD, NZDUSD, BRENT)

EURUSD, “Euro vs US Dollar”

EURUSD is trading at 1.1551; 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 1.1590 and then resume moving downwards to reach 1.1395. 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 1.1675. In this case, the pair may continue growing towards 1.1765.

Ichimoku Cloud Analysis 07.10.2021 EURUSD
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

NZDUSD, “New Zealand Dollar vs US Dollar”

NZDUSD is trading at 0.6910; 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 0.6930 and then resume moving downwards to reach 0.6750. 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 0.7005. In this case, the pair may continue growing towards 0.7105.

Ichimoku Cloud Analysis 07.10.2021 NZDUSD
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

BRENT

Brent is trading at 81.21; 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 79.85 and then resume moving upwards to reach 88.05. Another signal in favor of a further uptrend will be a rebound from the rising channel’s downside border. However, the bullish scenario may no longer be valid if the price breaks the cloud’s downside border and fixes below 75.85. In this case, the pair may continue falling towards 75.45.

Ichimoku Cloud Analysis 07.10.2021 BRENT
Risk Warning: the result of previous trading operations do not guarantee the same results in the future


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