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Ichimoku Cloud Analysis 05.07.2023 (NZDUSD, USDCAD, USDCHF)

NZDUSD, “New Zealand Dollar vs US Dollar”

NZDUSD 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 0.6155 is expected, followed by a rise to 0.6285. An additional signal confirming the rise will be a rebound from the upper border of the bearish channel. The scenario can be cancelled by a breakout of the lower border of the Cloud with the price securing under 0.6070, which will mean a further decline to 0.5980.

Ichimoku Cloud Analysis 05.07.2023 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 in a bearish channel. The instrument is going above the Ichimoku Cloud, which suggests an uptrend. A test of the upper border of the Cloud at 1.3225 is expected, followed by a rise to 1.3415. An additional signal confirming the rise 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 with the price securing under 1.3165, which will mean a further decline to 1.3070. Meanwhile, the increase could be confirmed by a breakout of the upper border of the descending channel with the price securing above 1.3275.

Ichimoku Cloud Analysis 05.07.2023 USDCAD
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

USDCHF, “US Dollar vs Swiss Franc”

USDCHF is rebounding from the Kijun-Sen line. The instrument is going above the Ichimoku Cloud, which suggests an uptrend. A test of the lower border of the Cloud at 0.8955 is expected, followed by a rise to 0.9085. An additional signal confirming the rise 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 with the price securing under 0.8940, which will mean a further decline to 0.8850. Meanwhile, the increase could be confirmed by a breakout of the upper border of the descending channel with the price securing above 0.9005.

Ichimoku Cloud Analysis 05.07.2023 USDCHF
Risk Warning: the result of previous trading operations do not guarantee the same results in the future


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