Ichimoku Cloud Analysis 23.02.2021 (AUDUSD, EURJPY, USDCHF)
AUDUSD, “Australian Dollar vs US Dollar”
AUDUSD is trading at 0.7915 above the Ichimoku Cloud, suggesting an uptrend. A test of the signal lines of the Cloud at 0.7850 is expected, followed by growth to 0.8045. An additional signal confirming the growth will be a bounce off the upper border of the ascending channel. The growth will be canceled in the case of a breakaway of the lower border of the Cloud and securing under 0.7695, which will mean further decline to 0.7605.
EURJPY, “Euro vs Japanese Yen”
EURJPY is trading at 127.85 above the Ichimoku Cloud, suggesting an uptrend. A test of the upper border of the Cloud at 127.65 is expected, followed by growth to 129.05. An additional signal confirming the growth will be a bounce off the lower border of the Triangle. The growth will be canceled in the case of a breakaway of the lower border of the Cloud and securing under 127.05, which will mean further decline to 126.15. The growth will be confirmed by a breakaway of the upper border of the Triangle and securing under 128.45.
USDCHF, “US Dollar vs Swiss Franc”
USDCHF is trading at 0.8957 above the Ichimoku Cloud, suggesting an uptrend. A test of the upper border of the Cloud at 0.8850 is expected, followed by growth to 0.9045. 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 securing under 0.8885, which will mean further decline to 0.8795.
Forecasts presented in this section only reflect the author’s private opinion and should not be considered as guidance for trading. RoboMarkets bears no responsibility for trading results based on trading opinions described in these analytical reviews.
The material presented and the information contained herein is intended for our customers, and is for information purposes only and in no way should be considered as the provision of investment advice for the purposes of Investment Firms Law L. 87(I)/2017 of the Republic of Cyprus or any other form of personal advice or recommendation, which relates to certain types of transactions with certain types of financial instruments.