Ichimoku Cloud Analysis 12.10.2018 (AUDUSD, NZDUSD, USDCAD)
AUDUSD, “Australian Dollar vs US Dollar”
AUDUSD is trading at 0.7073; the instrument is moving inside Ichimoku Cloud, thus indicating a sideways tendency. The markets could indicate that the price may test the downside border of the cloud at 0.7090 and then resume moving upwards to reach 0.7180. However, the scenario that Implies further growth may be cancelled if the price breaks the downside border of the cloud and fixes below 0.7070. In this case, the pair may continue falling towards 0.7005. After breaking the cloud’s upside border and fixing above 0.7155, the price may continue moving upwards.
NZDUSD, “New Zealand Dollar vs US Dollar”
NZDUSD is trading at 0.6518; the instrument is inside below Ichimoku Cloud, thus indicating a sideways tendency. The markets could indicate that the price may test the downside border of the cloud at 0.6495 and then resume moving upwards to reach 0.6565. Another signal to confirm further ascending movement is the price’s rebounding from the channel’s downside border. However, the scenario that Implies further growth may be cancelled if the price breaks the downside border of the cloud and fixes below 0.6455. In this case, the pair may continue falling towards 0.6400. After breaking the cloud’s upside border and fixing above 0.6555, the price may continue moving upwards.
USDCAD, “US Dollar vs Canadian Dollar”
USDCAD is trading at 1.3016; the instrument is moving above Ichimoku Cloud, thus indicating an ascending tendency. The markets could indicate that the price may test the upside border of the cloud at 1.2945 and then continue moving upwards to reach 1.3135. 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 1.2895. In this case, the pair may continue falling towards 1.2795.
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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