Ichimoku Cloud Analysis 12.09.2020 (EURUSD, AUDUSD, USDJPY)
EURUSD, “Euro vs US Dollar”
EURUSD is trading at 1.1905 above the Ichimoku Cloud, suggesting an uptrend. A test of the signal lines of the indicator near 1.1875 is expected, followed by growth to 1.2085. An additional signal confirming the growth will be a bounce off the support level. The growth will be canceled in the case of a breakaway of the lower border of the Cloud and closing under 1.1785, which will mean further declining to 1.1705.
AUDUSD, “Australian Dollar vs US Dollar”
AUDUSD is trading at 0.7363 above the Ichimoku Cloud, suggesting an uptrend. A test of the signal lines of the indicator near 0.7345 is expected, followed by growth to 0.7505. An additional signal confirming the growth will be a bounce off 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 under0.7185, which will mean further declining to 0.7105.
USDJPY, “US Dollar vs Japanese Yen”
USDJPY is trading at 106.02 under the Ichimoku Cloud, suggesting a downtrend. A test of the upper border of the Cloud at 106.15 is expected, followed by falling to 104.64. An additional signal confirming the decline will be a bounce off the resistance level. The falling will be canceled in the case of a breakaway of the upper border of the Cloud and securing above 106.50, which will mean further growth to 107.45. The decline will be confirmed by a breakaway of the lower border of the Triangle and securing under 105.05.
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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