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Ichimoku Cloud Analysis 04.01.2022 EURUSD, XAGUSD, NZDUSD

EURUSD, Euro vs US DollarEURUSD is trading at 1.1299; 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 1.1315 and then resume moving downwards to reach 1.1215. 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 1.1365. In this case, the pair may continue growing towards 1.1455. To confirm further decline, the asset must break the support level and fix below 1.1270. This movement may lead to the start of the Flag pattern materialization.XAGUSD, Silver vs US DollarXAGUSD is trading at 22.78; the instrument is moving inside Ichimoku Cloud, thus indicating a sideways tendency. The markets could indicate that the price may the clouds downside border at 22.65 and then resume moving upwards to reach 23.90. Another signal in favour of a further uptrend will be a rebound from the rising channels downside border. However, the bullish scenario may no longer be valid if the price breaks the clouds downside border and fixes below 22.05. In this case, the pair may continue falling towards 21.10. To confirm further growth, the asset must break the upside border of a Triangle pattern and fix above 23.60.NZDUSD, New Zealand Dollar vs US DollarNZDUSD is trading at 0.6792; the instrument is moving inside…

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