Ichimoku Cloud Analysis 22.05.2019 (AUDUSD, NZDUSD, USDCAD)

2019-05-22 18:00    RoboForex

AUDUSD, “Australian Dollar vs US Dollar”

AUDUSD is trading at 0.6873; the instrument is moving below Ichimoku Cloud, thus indicating a descending tendency. The markets could indicate that the price may test the upside border of the cloud at 0.6885 and then resume moving downwards to reach 0.6775. Another signal to confirm further descending movement is the price’s rebounding from the channel’s upside border. However, the scenario that implies further decline may be cancelled if the price breaks the upside border of the cloud and fixes above 0.6930. In this case, the pair may continue growing towards 0.7000. After breaking the support area and fixing below 0.6860, the price may continue moving downwards.

Ichimoku Cloud Analysis 22.05.2019 (AUDUSD, NZDUSD, USDCAD) Institution Opinions 1
Ichimoku Cloud Analysis 22.05.2019 (AUDUSD, NZDUSD, USDCAD) Institution Opinions 2

NZDUSD, “New Zealand Dollar vs US Dollar”

NZDUSD is trading at 0.6495; the instrument is moving below Ichimoku Cloud, thus indicating a descending tendency. The markets could indicate that the price may test the downside border of the cloud at 0.6530 and then resume moving downwards to reach 0.6355. Another signal to confirm further descending movement is the price’s rebounding from the channel’s upside border. However, the scenario that implies further decline may be cancelled if the price breaks the upside border of the cloud and fixes above 0.6595. In this case, the pair may continue growing towards 0.6685.

Ichimoku Cloud Analysis 22.05.2019 (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 inside the Triangle pattern at 1.3413; the instrument is moving below Ichimoku Cloud, thus indicating a descending tendency. The markets could indicate that the price may test the downside border of the cloud at 1.3425 and then resume moving downwards to reach 1.3305. 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 cancelled if the price breaks the upside border of the cloud and fixes above 1.3485. In this case, the pair may continue growing towards 1.3565. After breaking the downside border of the Triangle pattern and fixing below 1.3385, the price may continue moving downwards.

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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