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Ichimoku Cloud Analysis 20.10.2021 (EURUSD, NZDUSD, USDRUB)

EURUSD, “Euro vs US Dollar”

EURUSD is trading at 1.1640; 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 1.1605 and then resume moving upwards to reach 1.1735. Another signal in favour 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 1.1535. In this case, the pair may continue falling towards 1.1445.

Ichimoku Cloud Analysis 20.10.2021 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 0.7169; 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 0.7085 and then resume moving upwards to reach 0.7285. Another signal in favour 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 0.6945. In this case, the pair may continue falling towards 0.6855.

Ichimoku Cloud Analysis 20.10.2021 NZDUSD
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

USDRUB, “US Dollar vs Russian Ruble”

USDRUB is trading at 70.87; 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 71.65 and then resume moving downwards to reach 69.60. Another signal in favour 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 72.85. In this case, the pair may continue growing towards 73.75.

Ichimoku Cloud Analysis 20.10.2021 USDRUB
Risk Warning: the result of previous trading operations do not guarantee the same results in the future


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