Ichimoku Cloud Analysis 31.08.2020 (GBPUSD, NZDUSD, ETHUSD)

31 августа 2020 - Fx4News

GBPUSD

GBPUSD is trading at 1.3330 above the Ichimoku Cloud, suggesting an uptrend. A test of the upper border of the Cloud near 1.3285 is expected, followed by growth to 1.3485. An additional signal confirming the growth will be a bounce off the lower border of the ascending channel. The falling will be canceled in the case of a breakout of the lower border of the Cloud and closing under 1.3215, which will mean further decline to 1.3125.

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

NZDUSD

The currency pair is trading around 0.6724 above the Ichimoku Cloud, suggesting an uptrend. A test of the upper border of the Cloud near 0.6675 is expected, followed by growth to 0.6815. An additional signal confirming the growth will be a bounce off the lower border of the ascending channel. The growth will be canceled in the case of a breakaway of the lower border of the Cloud and closing under 0.6605, which will mean further falling to 0.6515.

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

ETHUSD

The cryptocurrency pair is trading around 421.38 above the Ichimoku Cloud, suggesting an uptrend. A test of the upper border of the Cloud near 410.20 is expected, followed by growth to 445.00. An additional signal confirming the growth will be a bounce off the support level. The falling will be canceled in the case of a breakaway of the lower border of the Cloud and closing under 390.05, which will mean further falling to 365.00.

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