Ichimoku Cloud Analysis 10.02.2021 (BTCUSD, EURUSD, NZDUSD)

Article By RoboForex.com

BTCUSD, “Bitcoin vs US Dollar”

BTCUSD is trading at 46273.00; 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 44825.00 and then resume moving upwards to reach 52005.00. Another signal in favor 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 41805.00. In this case, the pair may continue falling towards 37345.00.

EURUSD, “Euro vs US Dollar”

EURUSD is trading at 1.2125; 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 1.2090 and then resume moving upwards to reach 1.2195. Another signal in favor of a further uptrend will be a rebound from the descending channel’s upside border. However, the bullish scenario may be canceled if the price breaks the cloud’s downside border and fixes below 1.1975. In this case, the pair may continue falling towards 1.1905.

NZDUSD, “New Zealand Dollar vs US Dollar”

NZDUSD is trading at 0.7234; 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 0.7205 and then resume moving upwards to reach 0.7310. Another signal in favor of a further uptrend will be a rebound from the upside border of the Triangle pattern. However, the bullish scenario may be canceled if the price breaks the cloud’s downside border and fixes below 0.7155. In this case, the pair may continue falling towards 0.7065.

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.