Ichimoku Cloud Analysis 13.10.2021 (GBPUSD, NZDUSD, USDJPY)

Article By RoboForex.com

GBPUSD, “Great Britain Pound vs US Dollar”

GBPUSD is trading at 1.3612; 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 1.3570 and then resume moving upwards to reach 1.3855. Another signal in favour 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 1.3525. In this case, the pair may continue falling towards 1.3435.

NZDUSD, “New Zealand Dollar vs US Dollar”

NZDUSD is trading at 0.6938; the instrument is moving inside Ichimoku Cloud, thus indicating a sideways tendency. The markets could indicate that the price may test the cloud’s upside border at 0.6945 and then resume moving downwards to reach 0.6785. Another signal in favour of a further downtrend will be a rebound from the upside border of the Triangle pattern. However, the bearish scenario may no longer be valid if the price breaks the cloud’s upside border and fixes above 0.7015. In this case, the pair may continue growing towards 0.7105. To confirm further decline, the asset must break the pattern’s downside border and fix below 0.6855.

USDJPY, “US Dollar vs Japanese Yen”

USDJPY is trading at 113.48; 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 112.35 and then resume moving upwards to reach 115.35. Another signal in favour of a further uptrend will be a breakout of 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 110.75. In this case, the pair may continue falling towards 109.85.

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.