Latest News

Ichimoku Cloud Analysis 02.11.2021 NZDUSD, AUDUSD, EURJPY

NZDUSD, New Zealand Dollar vs US DollarNZDUSD is trading at 0.7161; the instrument is moving inside Ichimoku Cloud, thus indicating a sideways tendency. The markets could indicate that the price may test the clouds upside border at 0.7165 and then resume moving downwards to reach 0.7025. 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 0.7205. In this case, the pair may continue growing towards 0.7305. To confirm further decline, the asset must break the neckline of a Head Shoulders pattern and fix below 0.7120.AUDUSD, Australian Dollar vs US DollarAUDUSD is trading at 0.7471; the instrument is moving inside Ichimoku Cloud, thus indicating a sideways tendency. The markets could indicate that the price may test the clouds upside border at 0.7505 and then resume moving downwards to reach 0.7345. 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 0.7545. In this case, the pair may continue growing towards 0.7635. To confirm further decline, the asset must break the clouds downside border and fix below 0.7455.EURJPY, Euro vs Japanese YenEURJPY is trading at 131.87; the instrument is moving below Ichimoku Cloud, thus indicating a…

You may also like

Leave a reply

Your email address will not be published. Required fields are marked *

More in Latest News