Ichimoku Cloud Analysis 01.02.2018 (AUD/USD, NZD/USD, USD/CAD)
AUDUSD, “Australian Dollar vs US Dollar”
AUD/USD is trading at 0.8023; the instrument is moving below the Ichimoku Cloud, which means that it may continue falling. We should expect the price to test the downside border of the cloud at 0.8045 and then continue moving downwards to reach 0.7905. Another signal to confirm further descending movement is the price’s rebounding from the resistance level. However, the scenario that implies further decline may be cancelled if the price breaks the upside border of the cloud and fixes above 0.8105. In this case, the pair may continue growing towards 0.8205.
Risk Warning: the results of previous trading operations do not guarantee the same results in the future.
NZDUSD, “New Zealand Dollar vs US Dollar”
NZD/USD is trading at 0.7355; the instrument is moving above the Ichimoku Cloud, which means that it may continue growing. We should expect the price to test the upside border of the cloud at 0.7350 and then continue moving upwards to reach 0.7500. However, the scenario that implies further growth may be cancelled if the price breaks the downside border of the cloud and fixes below 0.7310. In this case, the pair may continue falling towards 0.7245. After breaking the upside border of the Triangle pattern and fixing above 0.7430, the pair may continue growing.
Risk Warning: the results of previous trading operations do not guarantee the same results in the future.
USDCAD, “US Dollar vs Canadian Dollar”
USD/CAD is trading at 1.2316; the instrument is moving below the Ichimoku Cloud, which means that it may continue falling. We should expect the price to test the downside border of the cloud at 1.2335 and then continue moving downwards to reach 1.2175. Another signal to confirm further descending movement is the price’s rebounding from the resistance level. However, the scenario that implies further decline may be cancelled if the price breaks the upside border of the cloud and fixes above 1.2435. In this case, the pair may continue growing towards 1.2550.
Risk Warning: the results of previous trading operations do not guarantee the same results in the future.
RoboForex Analytical Department
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.
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