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Ichimoku Cloud Analysis 03.02.2022 XAUUSD, NZDCAD, USDCHF

XAUUSD, Gold vs US DollarXAUUSD is trading at 1805.00; 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 1810.00 and then resume moving downwards to reach 1765.00. 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 1830.00. In this case, the pair may continue growing towards 1860.00. To confirm further decline, the asset must break the downside border of the Wedge pattern and fix below 1795.00.NZDCAD, New Zealand Dollar vs Canadian DollarNZDCAD is trading at 0.8396; 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 0.8405 and then resume moving downwards to reach 0.8245. Another signal in favour of a further downtrend will be a rebound from the bearish channels upside border. However, the bearish scenario may no longer be valid if the price breaks the clouds upside border and fixes above 0.8455. In this case, the pair may continue growing towards 0.8545.USDCHF, US Dollar vs Swiss FrancUSDCHF is trading at 0.9200; 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…

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