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Ichimoku Cloud Analysis 01.02.2022 EURUSD, XAUUSD, USDJPY

EURUSD, Euro vs US DollarEURUSD is trading at 1.1241; the instrument is moving below Ichimoku Cloud, thus indicating a descending tendency. The markets could indicate that the price may test the clouds downside border at 1.1275 and then resume moving downwards to reach 1.1040. Another signal in favour of a further downtrend will be a rebound from the descending channels upside border. However, the bearish scenario may no longer be valid if the price breaks the clouds upside border and fixes above 1.1355. In this case, the pair may continue growing towards 1.1445. To confirm further decline, the asset must break the rising channels downside border and fix below 1.1185.XAUUSD, Gold vs US DollarXAUUSD is trading at 1801.00; the instrument is moving below Ichimoku Cloud, thus indicating a descending tendency. The markets could indicate that the price may test TenkanSen and KijunSen at 1805.00 and then resume moving downwards to reach 1760.00. Another signal in favour of a further downtrend will be a rebound from the descending channels upside border. However, the bearish scenario may no longer be valid if the price breaks the clouds upside border and fixes above 1835.00. In this case, the pair may continue growing towards 1865.00.USDJPY, US Dollar vs Japanese YenUSDJPY is trading at 114.95; the instrument is moving above Ichimoku Cloud, thus indicating an ascending tendency. The markets could indicate that the price may test TenkanSen and KijunSen at 114.75 and then resume…

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