Ichimoku Cloud Analysis 07.12.2017 (AUD/USD, NZD/USD, USD/CAD)

Article By RoboForex.com

AUD USD, “Australian Dollar vs US Dollar”

The AUD/USD pair is trading at 0.7540; the instrument is still moving below Ichimoku Cloud, which means that may continue falling. We should expect the price to test Tenkan-Sen and Kijun-Sen at 0.7560 and then continue moving downwards to reach 0.7470. 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 0.7720. After rebounding from the downside border of the Triangle pattern, the price may resume falling.

AUDUSD

 

NZD USD, “New Zealand Dollar vs US Dollar”


Get our Weekly Commitment of Traders Report: - See where the biggest traders (Hedge Funds and Commercial Hedgers) are positioned in the futures markets on a weekly basis.




Get Our Free Metatrader 4 Indicators - Put Our Free MetaTrader 4 Custom Indicators on your charts when you join our Weekly Newsletter






The NZD/USD pair is trading at 0.6849; the instrument is still moving inside the Triangle pattern. We should expect the price to test the broken border of the cloud at 0.6860 and then continue moving downwards to reach 0.6770. However, the scenario that implies further decline may be cancelled if the price breaks the upside border of the cloud and fixes above 0.6825. In this case, the pair may continue growing towards 0.6970. After breaking the downside border of the Triangle pattern and fixing above 0.6800, the price may resume falling.

NZDUSD

 

USD CAD, “US Dollar vs Canadian Dollar”

The USD/CAD pair is trading at 1.2810; the instrument is still moving inside Ichimoku Cloud, which means that it is moving sideways. We should expect the price to test the downside border of the cloud at 1.2739 and then continue moving upwards to reach 1.2900. However, the scenario that implies further growth may be cancelled if the price breaks the downside border of the cloud and fixes below 1.2770. In this case, the pair may continue falling towards 1.2660.

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.