Ichimoku Cloud Analysis 01.09.2020 (GOLD, ETHUSD, USDCHF)

Article By RoboForex.com

XAUUSD, “Gold vs US Dollar”

GOLD is trading at 1985 above the Ichimoku Cloud, suggesting an uptrend. A test of the signal lines of the indicator near 1975 is expected, followed by growth to 2015. An additional signal confirming the growth will be a bounce off the upper border of the Triangle pattern. The growth will be canceled in the case of a breakaway of the lower border of the Cloud and closing above 1935, which will mean further declining to 1905.

ETHUSD, “Ethereum vs US Dollar”

The Ethereum is trading at 442.25 above the Ichimoku Cloud, suggesting an uptrend. A test of the signal lines of the indicator at 425.05 is expected, followed by growth to 465.05. An additional signal confirming the growth will be a bounce off the lower border of the ascending channel. The growth will be canceled in the case of a breakaway of the lower border of the Cloud and closing under 405.05, which will mean further declining to 375.05.

USDCHF, “US Dollar vs Swiss Franc”

USDCHF is trading at 0.9010 under the Ichimoku Cloud, suggesting a downtrend. A test of the lower border of the Cloud at 0.9035 is expected, followed by falling to 0.8950. An additional signal confirming the decline will be a bounce off the upper border of the descending channel. The falling will be canceled in the case of a breakaway of the upper border of the Cloud and closing above 0.9080, which will mean further growth to 0.9175. The decline will be confirmed by a breakaway of the lower border of the Triangle and securing under 0.8990.

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.