Filed Under:  Technical Analysis

Ichimoku Cloud Analysis: AUD/USD, NZD/USD, USD/CAD

20th October 2017   ·   0 Comments

Ichimoku Cloud Analysis: AUD/USD, NZD/USD, USD/CAD

Written RoboForex Team | 2017-10-20 06:02:09 GMT
AUDUSD

NZDUSD, “New Zealand Dollar vs US Dollar”

The NZD/USD pair is trading at 0.6985; the instrument is still moving below Ichimoku Cloud, which means that it may continue falling. We should expect the price to test Tenkan-Sen and Kijun-Sen at 0.7025 and then continue moving downwards to reach 0.6870. However, the scenario that implies further decline may be cancelled if the price breaks the upside border of the cloud and fixes above 0.7145. In this case, the pair may continue growing towards 0.7250.

NZDUSD

USDCAD, “US Dollar vs Canadian Dollar”

The USD/CAD pair is trading at 1.2511; the instrument is again moving inside Ichimoku Cloud, which means that it is trading sideways. We should expect the price to test the upside border of the cloud at 1.2515 and then continue moving downwards to reach 1.2365. However, the scenario that implies further decline may be cancelled if the price breaks the upside border of the cloud and fixes above 1.2610. In this case, the pair may break the upside border of the Triangle pattern and continue growing. To confirm the “falling” scenario, the pair has to break the downside border of the pattern.

USDCAD

Author

RoboForex Team


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