Ichimoku Cloud Analysis 31.01.2018 (AUD/USD, NZD/USD, USD/CAD)
AUDUSD, “Australian Dollar vs US Dollar”
AUD/USD pair is trading at 0.8086; the instrument is still moving above Ichimoku Cloud, which means that it may continue growing. We should expect the price to test Tenkan-Sen and Kijun-Sen at 0.8060 and then continue moving upwards to reach 0.8215. Another signal to confirm further ascending movement is the price 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 0.7975. In this case, the pair may continue falling towards 0.7860. After breaking the upside border of the Triangle pattern and fixing above 0.8120, the pair may continue growing.
Risk Warning: the result of previous trading operations do not guarantee the same results in the future.
NZDUSD, “New Zealand Dollar vs US Dollar”
NZD/USD pair is trading at 0.7379; the instrument is still moving above Ichimoku Cloud, which means that it may continue growing. We should expect the price to test the upside border of the cloud at 0.7365 and then continue moving upwards to reach 0.7490. 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.
Risk Warning: the result of previous trading operations do not guarantee the same results in the future.
USD CAD, “US Dollar vs Canadian Dollar”
USD/CAD pair is trading at 1.2303; the instrument is still moving below Ichimoku Cloud, which means that it may continue falling. We should expect the price to test Tenkan-Sen and Kijun-Sen at 1.2335 and then continue moving downwards to reach 1.2225. However, the scenario that implies further decline may be cancelled if the price breaks the upside border of the Triangle pattern and fixes above 1.2435. In this case, the pair may continue growing towards 1.2550. After breaking the downside border of the Triangle pattern and fixing below 1.2280, the pair may continue falling.
Risk Warning: the result 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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