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Ichimoku Cloud Analysis 11.12.2023 (EURUSD, USDCAD, USDJPY)

EURUSD, "Euro vs US Dollar"

EURUSD is testing the Tenkan-Sen line. The instrument is going below the Ichimoku Cloud, revealing a downtrend. A test of the Kijun-Sen line at 1.0795 is expected, followed by a decline to 1.0625. The decline could be additionally supported by a rebound from the upper boundary of the bearish channel. The scenario could be cancelled by a breakout of the upper boundary of the Cloud with the price securing above 1.0920, which might entail a further growth to 1.1010.

Ichimoku Cloud Analysis 11.12.2023 EURUSD
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

USDCAD, 'US Dollar vs Canadian Dollar"

USDCAD has secured above the upper boundary of the bearish channel. The instrument is going inside the Ichimoku Cloud, revealing a flat. A test of the Kijun-Sen line at 1.3575 is expected, followed by a rise to 1.3685. The price rise could be additionally supported by a rebound from the lower boundary of the bullish channel. The scenario could be cancelled by a breakout of the lower boundary of the Cloud with the price finding a foothold under 1.3515, which might entail a further decline to 1.3425.

Ichimoku Cloud Analysis 11.12.2023 USDCAD
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 rising after a strong decline. The instrument is going under the Ichimoku Cloud, revealing the prevalence of a downtrend. A test of the upper boundary of the descending channel at 146.05 is expected, followed by a decline to 142.35. The decline could be additionally supported by a rebound from the upper boundary of the bearish channel. The scenario could be cancelled by a breakout of the upper boundary of the Cloud with the price finding a foothold above 148.55, which might entail a further rise to 149.45. The decline could be confirmed by a breakout of the lower boundary of the bullish channel with the price finding a foothold under 143.55.

Ichimoku Cloud Analysis 11.12.2023 USDJPY
Risk Warning: the result of previous trading operations do not guarantee the same results in the future


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