Ichimoku Cloud Analysis 08.03.2018 (AUDUSD, NZDUSD, USDCAD)
AUDUSD, “Australian Dollar vs US Dollar”
AUDUSD is trading at 0.7826; the instrument is moving above Ichimoku Cloud, which means that it may continue growing. The markets could indicate that the price may test the upside border of the cloud at 0.7815 and then continue moving upwards to reach 0.7935. 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 0.7740. In this case, the pair may continue falling towards 0.7710.
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 0.7289; the instrument is moving above Ichimoku Cloud, which means that it may continue growing. The markets could indicate that the price may test the upside border of the cloud at 0.7280 and then continue moving upwards to reach 0.7380. 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 0.7225. In this case, the pair may continue falling towards 0.7155.
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 1.2888; the instrument is moving above Ichimoku Cloud, which means that it may continue growing. The markets could indicate that the price may test Tenkan-Sen and Kijun-Sen at 1.2880 and then continue moving upwards to reach 1.3115. Another signal to confirm further ascending movement is the price’s rebounding from the downside border of the channel. However, the scenario that implies further growth may be cancelled if the price breaks the downside border of the cloud and fixes below 1.2745. In this case, the pair may continue falling towards 1.2590.
Risk Warning: the results of previous trading operations do not guarantee the same results in the future.
RoboForex Analytical Department