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Ichimoku Cloud Analysis 10.02.2023 (EURUSD, USDJPY, NZDUSD)

EURUSD, “Euro vs US Dollar”

EURUSD is pushing off the Tenkan-Sen line. The instrument is going below the Ichimoku Cloud, which suggests a downtrend. A test of the lower border of the Cloud at 1.0785 is expected, followed by falling to 1.0565. An additional signal confirming the decline will be a bounce off the upper border of the descending channel. The scenario can be cancelled by a breakaway of the upper border of the Cloud and securing above 1.0875, which will mean further growth to 1.0965. The scenario can be confirmed by a breakaway of the lower border of the bullish channel and securing under 1.0675.

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

USDJPY, “US Dollar vs Japanese Yen”

USDJPY has secured above the resistance level. The instrument is going above the Ichimoku Cloud, which suggests an uptrend. A test of the upper border of the Cloud at 130.95 is expected, followed by growth to 134.35. An additional signal confirming the decline will be a bounce off the lower border of the bullish channel. The scenario can be cancelled by a breakaway of the lower border of the Cloud and securing under 130.25, which will mean further falling to 129.35.

USDJPY
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 testing the lower border of the bullish channel. The instrument is going below the Ichimoku Cloud, which suggests a downtrend. A test of the Kijun-Sen line at 0.6345 is expected, followed by falling to 0.6185. An additional signal confirming the decline will be a bounce off the upper border of the descending channel. The scenario can be cancelled by a breakaway of the upper border of the Cloud and securing above 0.6425, which will mean further growth to 0.6515. The scenario can be confirmed by a breakaway of the lower border of the bullish channel and securing under 0.6835.

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


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