Ichimoku Cloud Analysis 08.02.2018 (AUDUSD, NZDUSD, USDCAD)
AUDUSD, “Australian Dollar vs US Dollar”
AUDUSD is trading at 0.7825; the instrument is moving below Ichimoku Cloud, which means that it may continue falling. We should expect the price to test Tenkan-Sen and Kijun-Sen at 0.7845 and then continue moving downwards to reach 0.7720. Another signal to confirm further descending movement is the price’s rebounding from the upside border of the descending channel. However, the scenario that Implies further decline may be cancelled if the price breaks the upside border of the cloud and fixes above 0.7980. In this case, the pair may continue growing towards 0.8125.
Risk Warning: the results of previous trading operations do not guarantee the same results in the future.
NZDUSD, “New Zealand Dollar vs US Dollar”
NZDUSD is trading at 0.7194; the instrument is moving below Ichimoku Cloud, which means that it may continue falling. We should expect the price to test Tenkan-Sen and Kijun-Sen at 0.7245 and then continue moving downwards to reach 0.7105. Another signal to confirm further descending movement is the price’s rebounding from the downside border of the channel. However, the scenario that implies further decline may be cancelled if the price breaks the upside border of the cloud and fixes above 0.7320. In this case, the pair may continue growing towards 0.7375.
Risk Warning: the results of previous trading operations do not guarantee the same results in the future.
USDCAD, “US Dollar vs Canadian Dollar”
USDCAD is trading at 1.2564; the instrument is moving above Ichimoku Cloud, which means that it may continue growing. We should expect the price to test Tenkan-Sen and Kijun-Sen at 1.2510 and then continue moving upwards to reach 1.2695. 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 cancelled if the price breaks the downside border of the cloud and fixes below 1.2380. In this case, the pair may continue falling towards 1.2270.
Risk Warning: the results of previous trading operations do not guarantee the same results in the future.
RoboForex Analytical Department