Ichimoku Cloud Analysis 28.09.2021 (GBPUSD, BRENT, USDCAD)

September 28, 2021

Article By RoboForex.com

GBPUSD, “Great Britain Pound vs US Dollar”

GBPUSD is trading at 1.3706; the instrument is moving below Ichimoku Cloud, thus indicating a descending tendency. The markets could indicate that the price may test the cloud’s downside border at 1.3715 and then resume moving downwards to reach 1.3545. Another signal in favor of a further downtrend will be a rebound from the resistance level. However, the bearish scenario may no longer be valid if the price breaks the cloud’s upside border and fixes above 1.3805. In this case, the pair may continue growing towards 1.3905. To confirm further decline, the asset must break the rising channel’s downside border and fix below 1.3655.


BRENT

Brent is trading at 80.33; 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 79.45 and then resume moving upwards to reach 83.55. Another signal in favor of a further uptrend will be a rebound from the rising channel’s upside border. However, the bullish scenario may no longer be valid if the price breaks the cloud’s downside border and fixes below 72.55. In this case, the pair may continue falling towards 71.65.


USDCAD, “US Dollar vs Canadian Dollar”

USDCAD is trading at 1.2608; the instrument is moving below Ichimoku Cloud, thus indicating a descending tendency. The markets could indicate that the price may test Tenkan-Sen and Kijun-Sen at 1.2650 and then resume moving downwards to reach 1.2445. Another signal in favor of a further downtrend will be a rebound from the descending channel’s upside border. However, the bearish scenario may no longer be valid if the price breaks the cloud’s upside border and fixes above 1.2785. In this case, the pair may continue growing towards 1.2875.

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.

InvestMacro

Share
Published by
InvestMacro

Recent Posts

The Trump administration is considering a more gradual approach to tariffs to prevent inflation from spiking

By JustMarkets At Tuesday’s close, the Dow Jones Index (US30) was up 0.52%. The S&P…

8 hours ago

Australian Dollar Gains, but Rate Uncertainty Limits Potential

By RoboForex Analytical Department The AUD/USD pair climbed to 0.6192 midweek, reflecting cautious optimism in…

8 hours ago

Europe wants lower oil prices to limit Russia’s military action.

By JustMarkets At the end of Monday, the Dow Jones Index (US30) was up 0.86%.…

1 day ago

Japanese Yen in Consolidation After Recent Growth: Signs of Recovery but Insufficient Support Factors

By RoboForex Analytical Department The USD/JPY pair entered a consolidation phase on Tuesday, following modest…

1 day ago

Is capitalism falling out of favor? We analyzed 400,000 news stories to find out

By Jay L. Zagorsky, Boston University and H. Sami Karaca, Boston University  Capitalism, communism and…

2 days ago

Oil and natural gas continue to rise. The New Zealand dollar fell to a 2-year low

By JustMarkets At the end of Friday, the Dow Jones Index (US30) fell by 1.63%…

2 days ago

This website uses cookies.