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Ichimoku Cloud Analysis 07.12.2023 (EURUSD, USDJPY, XAGUSD)

EURUSD, “Euro vs US Dollar”

EURUSD is declining by a bearish impulse. The instrument is going below the Ichimoku Cloud, which suggests a downtrend. A test of the Tenkan-Sen line at 1.0785 is expected, followed by a decline to 1.0585. 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 finding a foothold above 1.0965, which will mean a further growth to 1.1055.

Ichimoku Cloud Analysis 07.12.2023 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 is rebounding from the support level. The instrument is going below the Ichimoku Cloud, which suggests a downtrend. A test of the Tenkan-Sen line at 147.05 is expected, followed by a decline to 144.45. 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 finding a foothold above 148.60, which will mean a further growth to 149.50.

Ichimoku Cloud Analysis 07.12.2023 USDJPY
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

XAGUSD, “Silver vs US Dollar”

Silver has found a foothold under the lower boundary of the bullish channel. The instrument is going below the Ichimoku Cloud, which suggests a downtrend. A test of the Tenkan-Sen line at 24.10 is expected, followed by a decline to 22.45. An additional signal confirming the decline will be a rebound from the lower boundary of the bullish channel. The scenario can be cancelled by a breakout of the upper boundary of the Cloud with the price finding a foothold above 25.45, which will mean a further growth to 26.35.

Ichimoku Cloud Analysis 07.12.2023 XAGUSD
Risk Warning: the result of previous trading operations do not guarantee the same results in the future


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