Article By RoboForex.com
AUDUSD
The instrument is trading at 0.7032 above the Cloud, which suggests an ascending trend. Testing of the signal lines of the indicator near 0.7005 is expected, followed by growth to 0.7110. Yet another signal of growth may be a bounce off the support line. The scenario may no longer be valid in case the lower border of the Cloud is broken and trading closes under 0.6950, which may be followed by a further decline below 0.6875.
NZDUSD
The instrument is trading at 0.6744 above the Ichimoku Cloud which suggests an ascending trend. A test of the upper border of the Cloud near 0.6725 is expected, followed by growth to 0.6820. Yet another signal of growth may be a bounce off the support line. The scenario may no longer be valid in case the lower border of the Cloud is broken and trading closes under 0.6700, which may be followed by further decline to 0.6625.
USDCAD
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The instrument is trading at 1.3049 below the Ichimoku Cloud which suggests a descending trend. Testing of the upper border of the Cloud near 1.3065 is expected, followed by a decline to 1.2925. Yet another signal of decline may be a bounce off the upper border of the descending channel. The scenario may no longer be valid in case the upper border of the Cloud is broken and trading closes above 1.3125, which may be followed by further growth to 1.3205.
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.
