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Ichimoku Cloud Analysis 05.01.2022 USDJPY, XAUUSD, USDCAD

USDJPY, US Dollar vs Japanese YenUSDJPY is trading at 116.00; the instrument is moving above Ichimoku Cloud, thus indicating an ascending tendency. The markets could indicate that the price may test TenkanSen and KijunSen at 115.55 and then resume moving upwards to reach 117.45. Another signal in favour of a further uptrend will be a rebound from the support level. However, the bullish scenario may no longer be valid if the price breaks the clouds downside border and fixes below 114.25. In this case, the pair may continue falling towards 113.30.XAUUSD, Gold vs US DollarXAUUSD is trading at 1815.00; the instrument is moving above Ichimoku Cloud, thus indicating an ascending tendency. The markets could indicate that the price may the clouds upside border at 1805.00 and then resume moving upwards to reach 1855.00. 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 1795.00. In this case, the pair may continue falling towards 1765.00.USDCAD, US Dollar vs Canadian DollarUSDCAD is trading at 1.2718; 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 1.2770 and then resume moving downwards to reach 1.2535. Another signal in favour of a further downtrend will be a rebound from the descending channels…

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