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Ichimoku Cloud Analysis 11.06.2024 (GBPUSD, XAUUSD, NZDUSD)

GBPUSD, “Great Britain Pound vs US Dollar”

GBPUSD is testing the indicator’s signal lines. The pair is moving below the Ichimoku Cloud, suggesting a downtrend. A test of the Cloud’s upper boundary at 1.2755 is expected, followed by a decline to 1.2565. A rebound from the lower boundary of the bullish channel would be an additional signal confirming the fall. This scenario could be cancelled by a breakout above the upper boundary of the Cloud, with the price securing above 1.2795, indicating a further rise to 1.2885. Conversely, a decline could be confirmed by a breakout below the lower boundary of the Douple Top reversal pattern, with the price gaining a foothold below 1.2645.

Ichimoku Cloud Analysis 11.06.2024 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 established itself below the support level. The instrument is moving below the Ichimoku Cloud, suggesting a downtrend. A test of the Kijun-Sen line at 2335 is expected, followed by a decline to 2225. A rebound from the lower boundary of the bullish channel would be an additional signal confirming the fall. This scenario could be cancelled by a breakout above the upper boundary of the Cloud, with the price securing above 2365, indicating a further rise to 2405.

Ichimoku Cloud Analysis 11.06.2024 XAUUSD
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

NZDUSD, “New Zealand Dollar vs US Dollar”

NZDUSD is correcting following a decline. The pair is moving below the Ichimoku Cloud, suggesting a downtrend. A test of the Cloud’s lower boundary at 0.6145 is expected, followed by a decline to 0.6035. A rebound from the lower boundary of the bullish channel would be an additional signal confirming the fall. This scenario could be cancelled by a breakout above the upper boundary of the Cloud, with the price securing above 0.6195, indicating a further rise to 0.6285.

Ichimoku Cloud Analysis 11.06.2024 NZDUSD
Risk Warning: the result of previous trading operations do not guarantee the same results in the future


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