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Ichimoku Cloud Analysis 02.08.2022 (GBPUSD, NZDUSD, USDCAD)

GBPUSD, “Great Britain Pound vs US Dollar”

GBPUSD is testing Tenkan-Sen. The instrument is currently moving above Ichimoku Cloud, thus indicating an ascending tendency. The markets could indicate that the price may test Kijun-Sen at 1.2115 and then resume moving upwards to reach 1.2465. 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 1.1975. In this case, the pair may continue falling towards 1.1885.

Ichimoku Cloud Analysis 02.08.2022 GBPUSD
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 rebounding from the bullish channel’s upside border. The instrument is currently moving above Ichimoku Cloud, thus indicating an ascending tendency. The markets could indicate that the price may test the cloud’s upside border at 0.6260 and then resume moving upwards to reach 0.6465. Another signal in favour of a further uptrend will be a rebound from the rising 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 0.6165. In this case, the pair may continue falling towards 0.6055.

Ichimoku Cloud Analysis 02.08.2022 NZDUSD
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 correcting within the bearish channel. The instrument is currently moving below Ichimoku Cloud, thus indicating a descending tendency. The markets could indicate that the price may test the cloud’s downside border at 1.2870 and then resume moving downwards to reach 1.2635. 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 1.2945. In this case, the pair may continue growing towards 1.3035.

Ichimoku Cloud Analysis 02.08.2022 USDCAD
Risk Warning: the result of previous trading operations do not guarantee the same results in the future


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