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Ichimoku Cloud Analysis 04.10.2021 GBPUSD, AUDUSD, USDCAD

GBPUSD, Great Britain Pound vs US DollarGBPUSD is trading at 1.3547; 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 1.3575 and then resume moving downwards to reach 1.3275. Another signal in favor of a further downtrend will be a rebound from the descending channels upside border. However, the bearish scenario may no longer be valid if the price breaks the clouds upside border and fixes above 1.3725. In this case, the pair may continue growing towards 1.3815.AUDUSD, Australian Dollar vs US DollarAUDUSD is trading at 0.7267; the instrument is moving below Ichimoku Cloud, thus indicating a descending tendency. The markets could indicate that the price may test the clouds upside border at 0.7270 and then resume moving downwards to reach 0.7075. Another signal in favor of a further downtrend will be a rebound from the descending channels upside border. However, the bearish scenario may no longer be valid if the price breaks the clouds upside border and fixes above 0.7335. In this case, the pair may continue growing towards 0.7425.USDCAD, US Dollar vs Canadian DollarUSDCAD is trading at 1.2625; 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 1.2645 and then resume moving downwards to reach 1.2445. Another signal in favor of a further downtrend…

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