Latest News

Ichimoku Cloud Analysis 04.05.2022 EURUSD, USDJPY, AUDUSD

EURUSD, Euro vs US DollarEURUSD is rebounding from TenkanSen and KijunSen. The instrument is currently moving below Ichimoku Cloud, thus indicating a descending tendency. The markets could indicate that the price may test the clouds downside border at 1.0570 and then resume moving downwards to reach 1.0315. Another signal in favour of a further downtrend will be a rebound from the upside border of the Triangle pattern. However, the bearish scenario may no longer be valid if the price breaks the clouds upside border and fixes above 1.0720. In this case, the pair may continue growing towards 1.0815. To confirm further decline, the asset must break the patterns downside border and fix below 1.0445.USDJPY, US Dollar vs Japanese YenUSDJPY is correcting within the 50 pattern. The instrument is currently moving above Ichimoku Cloud, thus indicating an ascending. The markets could indicate that the price may test TenkanSen and KijunSen at 130.00 and then resume moving upwards to reach 132.65. 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 128.05. In this case, the pair may continue falling towards 127.05.AUDUSD, Australian Dollar vs US DollarAUDUSD is testing TenkanSen and KijunSen. The instrument is currently moving below Ichimoku Cloud, thus indicating a descending tendency. The markets could indicate that…

You may also like

Leave a reply

Your email address will not be published.

More in Latest News