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Ichimoku Cloud Analysis 08.10.2019 (AUDUSD, NZDUSD, USDCAD)

8 october 2019 - Fx4News

AUDUSD, “Australian Dollar vs US Dollar”

AUDUSD is trading at 0.6749; the instrument is moving above Ichimoku Cloud, thus indicating an ascending tendency. The markets could indicate that the price may test the cloud’s downside border at 0.6715 and then resume moving upwards to reach 0.6855. Another signal to confirm further ascending movement is the price’s rebounding from the descending channel’s upside border. However, the scenario that implies further growth may be canceled if the price breaks the cloud’s downside border and fixes below 0.6685. In this case, the pair may continue falling towards 0.6595.

AUDUSD
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 trading at 0.6319; the instrument is moving above Ichimoku Cloud, thus indicating an ascending tendency. The markets could indicate that the price may test the cloud’s downside border at 0.6280 and then resume moving upwards to reach 0.6420. Another signal to confirm further ascending movement is the price’s rebounding from the descending channel’s upside border. However, the scenario that implies further growth may be canceled if the price breaks the cloud’s downside border and fixes below 0.6240. In this case, the pair may continue falling towards 0.6165.

NZDUSD
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 1.3287; 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 1.3265 and then resume moving upwards to reach 1.3425. 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 1.3225. In this case, the pair may continue falling towards 1.3165.

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

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