Ichimoku Cloud Analysis 14.07.2023 (EURUSD, USDCAD, AUDUSD)
EURUSD, “Euro vs US Dollar”
EURUSD is rising within a bullish channel. The instrument is going above the Ichimoku Cloud, which suggests an uptrend. A test of the Kijun-Sen line at 1.1165 is expected, followed by a rise to 1.1365. An additional signal confirming the rise will be a rebound from the lower boundary of the ascending channel. The scenario can be cancelled by a breakout of the lower boundary of the Cloud with the price securing under 1.1045, which will mean a further decline to 1.0955.
USDCAD, “US Dollar vs Canadian Dollar”
USDCAD is testing the broken resistance level. The instrument is going below the Ichimoku Cloud, which suggests a downtrend. A test of the Tenkan-Sen line at 1.3145 is expected, followed by a decline to 1.3005. An additional signal confirming the decline will be a rebound from the upper boundary of the bearish channel. The scenario can be cancelled by a breakout of the upper boundary of the Cloud with the price securing above 1.3305, which will mean further growth to 1.3405.
AUDUSD, “Australian Dollar vs US Dollar”
AUDUSD is correcting after aggressive growth. The instrument is going above the Ichimoku Cloud, which suggests an uptrend. A test of the Tenkan-Sen line at 0.6830 is expected, followed by a rise to 0.6970. An additional signal confirming the rise will be a rebound from the lower boundary of the bullish channel. The scenario can be cancelled by a breakout of the lower boundary of the Cloud with the price securing under 0.6620, which will mean a further decline to 0.6530.
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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