Ichimoku Cloud Analysis 13.02.2018 (AUDUSD, NZDUSD, USDCAD)

Article By RoboForex.com

AUDUSD, “Australian Dollar vs US Dollar”

AUDUSD is trading at 0.7859; the instrument is moving below Ichimoku Cloud, which means that it may continue falling. We should expect the price to test the downside border of the cloud at 0.7885 and then continue moving downwards to reach 0.7690. Another signal to confirm further descending movement is the price’s rebounding from the upside border of the descending channel. However, the scenario that Implies further decline may be cancelled if the price breaks the upside border of the cloud and fixes above 0.7965. In this case, the pair may continue growing towards 0.8125.

AUDUSDRisk Warning: the results of previous trading operations do not guarantee the same results in the future.

NZDUSD, “New Zealand Dollar vs US Dollar”

NZDUSD is trading at 0.7270; the instrument is moving below Ichimoku Cloud, which means that it may continue falling. We should expect the price to test the downside border of the cloud at 0.7285 and then continue moving downwards to reach 0.7165. Another signal to confirm further descending movement is the price’s rebounding from the resistance level. However, the scenario that implies further decline may be cancelled if the price breaks the upside border of the cloud and fixes above 0.7320. In this case, the pair may continue growing towards 0.7375.


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NZDUSDRisk Warning: the results of previous trading operations do not guarantee the same results in the future.

USDCAD, “US Dollar vs Canadian Dollar”

USDCAD is trading at 1.2575; the instrument is 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 1.2495 and then continue moving upwards to reach 1.2720. Another signal to confirm further ascending movement is the price’s rebounding from the downside border of the channel. However, the scenario that implies further growth may be cancelled if the price breaks the downside border of the cloud and fixes below 1.2395. In this case, the pair may continue falling towards 1.2270.

USDCADRisk Warning: the results of previous trading operations do not guarantee the same results in the future.

 

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.