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Ichimoku Cloud Analysis 29.11.2023 (EURUSD, USDJPY, USDCAD)

EURUSD, “Euro vs US Dollar”

EURUSD is testing the resistance level. The pair is going above the Ichimoku Cloud, which suggests an uptrend. A test of the Kijun-Sen line at 1.0965 is expected, followed by a rise to 1.1055. An additional signal confirming the rise will be a rebound from the lower boundary of the bullish channel. The scenario can be cancelled by a breakout of the lower boundary of the Cloud with the price securing below 1.0915, which will indicate a further decline to 1.0825.

Ichimoku Cloud Analysis 29.11.2023 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 gained a foothold above the Tenkan-Sen line. The pair is going below the Ichimoku Cloud, which suggests a downtrend. A test of the Kijun-Sen line at 147.45 is expected, followed by a decline to 145.35. An additional signal confirming the decline will be a rebound from the upper boundary of the bearish channel. The scenario can be cancelled by a breakout of the upper boundary of the Cloud with the price securing above 149.25, which will signal further growth to 150.15.

Ichimoku Cloud Analysis 29.11.2023 USDJPY
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 declining within a bearish channel. The pair is going below the Ichimoku Cloud, which suggests a downtrend. A test of the Tenkan-Sen line at 1.3570 is expected, followed by a decline to 1.3475. An additional signal confirming the decline will be a rebound from the upper boundary of the bearish channel. The scenario can be cancelled by a breakout of the lower boundary of the Cloud with the price finding a foothold above 1.3685, which will indicate further growth to 1.3775.

Ichimoku Cloud Analysis 29.11.2023 USDCAD
Risk Warning: the result of previous trading operations do not guarantee the same results in the future


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