Ichimoku Cloud Analysis 06.12.2017 (AUD/USD, NZD/USD, USD/CAD)

Article By RoboForex.com

AUD USD, “Australian Dollar vs US Dollar”

The AUD/USD pair is trading at 0.7576; the instrument is still moving below Ichimoku Cloud, which means that may continue falling. We should expect the price to test the broken border of the loud at 0.7585 and then continue moving downwards to reach 0.7510. However, the scenario that Implies further decline may be cancelled if the price breaks the upside border of the cloud and fixes above 0.7620. In this case, the pair may continue growing towards 0.7640. After breaking the downside border of the Triangle pattern and fixing below 0.7540, the price may resume falling.

AUDUSD

 

NZD USD, “New Zealand Dollar vs US Dollar”


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The NZD/USD pair is trading at 0.6901; 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 0.6890 and then continue moving upwards to reach 0.6930. However, the scenario that implies further growth may be cancelled if the price breaks the downside border of the cloud and fixes below 0.6825. In this case, the pair may continue falling towards 0.6650. After breaking the upside border of the Triangle pattern and fixing above 0.6950, the price may continue growing quickly.

NZDUSD

 

USD CAD, “US Dollar vs Canadian Dollar”

The USD/CAD pair is trading at 1.2700; 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 1.2730 and then continue moving downwards to reach 1.2565. However, the scenario that implies further decline may be cancelled if the price breaks the upside border of the cloud and fixes above 1.2805. In this case, the pair may continue growing towards 1.2910.

USDCAD

 

RoboForex Analytical Department

Article By RoboForex.com

Attention!
Forecasts presented in this section only reflect the author’s private opinion and should not be considered as guidance for trading. RoboForex LP bears no responsibility for trading results based on trading recommendations described in these analytical reviews.