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Ichimoku Cloud Analysis 04.05.2023 (GBPUSD, USDCHF, NZDUSD)

GBPUSD, “Great Britain Pound vs US Dollar”

GBPUSD is testing the resistance area. The instrument is going above the Ichimoku Cloud, which suggests an uptrend. A test of the Tenkan-Sen line at 1.2510 is expected, followed by growth to 1.2695. An additional signal confirming the decline will be a rebound from the lower border of the bullish channel. The scenario can be cancelled by a breakout of the lower border of the Cloud and securing under 1.2455, which will mean further falling to 1.2365.

Ichimoku Cloud Analysis 04.05.2023 GBPUSD
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

USDCHF, “US Dollar vs Swiss Franc”

USDCHF has secured above the support level. The instrument is going below the Ichimoku Cloud, which suggests a downtrend. A test of the Tenkan-Sen line at 0.8890 is expected, followed by falling to 0.8695. An additional signal confirming the decline will be a rebound from the lower border of the Triangle pattern. The scenario can be cancelled by a breakout of the upper border of the Cloud and securing above 0.8965, which will mean further growth to 0.9055.

Ichimoku Cloud Analysis 04.05.2023 USDCHF
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 pushing off the signal lines of the indicator. The instrument is going above the Ichimoku Cloud, which suggests an uptrend. A test of the Tenkan-Sen line at 0.6220 is expected, followed by growth to 0.6355. An additional signal confirming the decline will be a rebound from the upper border of the descending channel. The scenario can be cancelled by a breakout of the lower border of the Cloud and securing under 0.6110, which will mean further falling to 0.6015. Meanwhile, the growth can be confirmed by a breakout of the upper border of the bearish channel and securing above 0.6275.

Ichimoku Cloud Analysis 04.05.2023 NZDUSD
Risk Warning: the result of previous trading operations do not guarantee the same results in the future


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