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Ichimoku Cloud Analysis 01.11.2021 EURUSD, GBPUSD, USDCAD

EURUSD, Euro vs US DollarEURUSD is trading at 1.1560; 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 1.1585 and then resume moving downwards to reach 1.1465. Another signal in favour of a further downtrend will be a rebound from the rising channels downside border. However, the bearish scenario may no longer be valid if the price breaks the clouds upside border and fixes above 1.1665. In this case, the pair may continue growing towards 1.1755.GBPUSD, Great Britain Pound vs US DollarGBPUSD is trading at 1.3673; 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 1.3705 and then resume moving downwards to reach 1.3475. Another signal in favour of a further downtrend will be a rebound from the descending channels downside border. However, the bearish scenario may no longer be valid if the price breaks the clouds upside border and fixes above 1.3825. In this case, the pair may continue growing towards 1.3905.USDCAD, US Dollar vs Canadian DollarUSDCAD is trading at 1.2391; the instrument is moving above Ichimoku Cloud, thus indicating an ascending tendency. The markets could indicate that the price may test the clouds upside border at 1.2370 and then resume moving upwards to reach 1.2610. Another signal in favour of a further uptrend will be a rebound…

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