Ichimoku Cloud Analysis 18.03.2022 (GBPUSD, USDCHF, AUDUSD)
GBPUSD, “Great Britain Pound vs US Dollar”
GBPUSD is trading at 1.3162; the instrument is moving inside Ichimoku Cloud, thus indicating a sideways tendency. The markets could indicate that the price may test Tenkan-Sen and Kijun-Sen at 1.3080 and then resume moving upwards to reach 1.3365. Another signal in favour of a further uptrend will be a rebound from the descending channel’s upside border. However, the bullish scenario may no longer be valid if the price breaks the cloud’s downside border and fixes below 1.3010. In this case, the pair may continue falling towards 1.2915. To confirm further growth, the asset must break the cloud’s upside border and fix above 1.3230.
USDCHF, “US Dollar vs Swiss Franc”
USDCHF is trading at 0.9363; the instrument is moving above Ichimoku Cloud, thus indicating an ascending tendency. The markets could indicate that the price may test the cloud’s upside border at 0.9320 and then resume moving upwards to reach 0.9545. Another signal in favour of a further uptrend will be a rebound from the rising channel’s downside border. However, the bullish scenario may no longer be valid if the price breaks the cloud’s downside border and fixes below 0.9235. In this case, the pair may continue falling towards 0.9140. To confirm further growth, the asset must break the descending channel’s upside border and fix above 0.9380.
AUDUSD, “Australian Dollar vs US Dollar”
AUDUSD is trading at 0.7406; the instrument is moving above Ichimoku Cloud, thus indicating an ascending tendency. The markets could indicate that the price may test Tenkan-Sen and Kijun-Sen at 0.7340 and then resume moving upwards to reach 0.7575. Another signal in favour of a further uptrend will be a rebound from the support level. However, the bullish scenario may no longer be valid if the price breaks the cloud’s downside border and fixes below 0.7185. In this case, the pair may continue falling towards 0.7095.
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.
The material presented and the information contained herein is intended for our customers, and is for information purposes only and in no way should be considered as the provision of investment advice for the purposes of Investment Firms Law L. 87(I)/2017 of the Republic of Cyprus or any other form of personal advice or recommendation, which relates to certain types of transactions with certain types of financial instruments.