Ichimoku Cloud Analysis 23.08.2019 (AUDUSD, NZDUSD, USDCAD)

2019-08-27 07:01    RoboForex

AUDUSD, “Australian Dollar vs US Dollar”

AUDUSD is trading at 0.6754; the instrument is moving inside Ichimoku Cloud, thus indicating a sideways tendency. The markets could indicate that the price may test the cloud’s upside border at 0.6760 and then resume moving downwards to reach 0.6605. Another signal to confirm further descending movement is the price’s rebounding from the descending channel’s upside border. However, the scenario that implies further decline may be canceled if the price breaks the cloud’s upside border and fixes above 0.6815. In this case, the pair may continue growing towards 0.6905. After breaking Triangle’s downside border and fixing below 0.6720, the price may continue moving downwards.

Ichimoku Cloud Analysis 23.08.2019 (AUDUSD, NZDUSD, USDCAD) Institution Opinions 1
Ichimoku Cloud Analysis 23.08.2019 (AUDUSD, NZDUSD, USDCAD) Institution Opinions 2

NZDUSD, “New Zealand Dollar vs US Dollar”

NZDUSD is trading at 0.6385; the instrument is moving below Ichimoku Cloud, thus indicating a descending tendency. The markets could indicate that the price may test the cloud’s downside border at 0.6435 and then resume moving downwards to reach 0.6255. Another signal to confirm further descending movement is the price’s rebounding from the resistance level. However, the scenario that implies further decline may be canceled if the price breaks the cloud’s upside border and fixes above 0.6485. In this case, the pair may continue growing towards 0.6595.

Ichimoku Cloud Analysis 23.08.2019 (AUDUSD, NZDUSD, USDCAD) Institution Opinions 3
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

USDCAD, “US Dollar vs Canadian Dollar”

USDCAD is trading at 1.3315; the instrument is moving above Ichimoku Cloud, thus indicating an ascending tendency. The markets could indicate that the price may test the cloud’s upside border at 1.3270 and then resume moving upwards to reach 1.3480. Another signal to confirm further ascending movement is the price’s rebounding from the support level. However, the scenario that implies further growth may be canceled if the price breaks the cloud’s downside border and fixes below 1.3255. In this case, the pair may continue falling towards 1.3165. After breaking the descending channel’s upside border and fixing above 1.3345, the price may continue moving upwards.

USDCAD
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

AUDCADNZDIchimoku Cloud Analysis

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