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Ichimoku Cloud Analysis 07.03.2022 (EURUSD, XAUUSD, GBPUSD)

EURUSD, “Euro vs US Dollar”

EURUSD is trading at 1.0875; 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 1.0955 and then resume moving downwards to reach 1.0605. 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 1.1255. In this case, the pair may continue growing towards 1.1345.

EURUSD
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 1982.00; the instrument is moving above Ichimoku Cloud, thus indicating an ascending tendency. The markets could indicate that the price may test the support level at 1960.00 and then resume moving upwards to reach 2045.00. 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 1920.00. In this case, the pair may continue falling towards 1885.00.

XAUUSD
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 1.3214; 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 1.3275 and then resume moving downwards to reach 1.2980. 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 1.3485. In this case, the pair may continue growing towards 1.3575.

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


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