RoboForex - Analytics

RoboForex

863.75 5.25/10
94% of positive reviews
Real
How to join the service?

Ichimoku Cloud Analysis 20.05.2024 (GBPUSD, XAUUSD, AUDUSD)

GBPUSD, “Great Britain Pound vs US Dollar” 

GBPUSD has gained a foothold above the indicator’s signal lines. The pair is going above the Ichimoku Cloud, which suggests an uptrend. A test of the Tenkan-Sen line at 1.2685 is expected, followed by a rise to 1.2855. 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 1.2480, indicating a further decline to 1.2385. Meanwhile, the rise could be confirmed by a breakout of the upper boundary of the bullish channel, with the price finding a foothold above 1.2775.

Ichimoku Cloud Analysis 20.05.2024 GBPUSD
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

XAUUSD, "Gold vs US Dollar"

Gold has exited the bullish channel. The instrument is going above the Ichimoku Cloud, which suggests an uptrend. A test of the Tenkan-Sen line at 2435 is expected, followed by a rise to 2515. 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 2310, which will signal a further decline to 2270.

Ichimoku Cloud Analysis 20.05.2024 gold
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

AUDUSD, "Australian Dollar vs US Dollar"

AUDUSD is rebounding from the resistance level. The pair is going above the Ichimoku Cloud, which suggests an uptrend. A test of the Tenkan-Sen line at 0.6675 is expected, followed by a rise to 0.6855. An additional signal confirming the rise will be a rebound from the lower boundary of the ascending channel. The scenario can be cancelled by a breakout of the lower boundary of the Cloud, with the price securing below 0.6515, which will indicate a further decline to 0.6425.

Ichimoku Cloud Analysis 20.05.2024 AUDUSD
Risk Warning: the result of previous trading operations do not guarantee the same results in the future


To leave a comment you must or Join us


By visiting our website and services, you agree to the conditions of use of cookies. Learn more
I agree