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Ichimoku Cloud Analysis 05.10.2021 EURUSD, XAUUSD, NZDUSD

EURUSD, Euro vs US DollarEURUSD is trading at 1.1595; 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 1.1625 and then resume moving downwards to reach 1.1435. 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 1.1675. In this case, the pair may continue growing towards 1.1765.XAUUSD, Gold vs US DollarXAUUSD is trading at 1758.00; the instrument is moving above Ichimoku Cloud, thus indicating an ascending tendency. The markets could indicate that the price may test the clouds upside border at 1750.00 and then resume moving upwards to reach 1810.00. Another signal in favor of a further uptrend will be a rebound from the descending channels upside border. However, the bullish scenario may no longer be valid if the price breaks the clouds downside border and fixes below 1725.00. In this case, the pair may continue falling towards 1685.00.NZDUSD, New Zealand Dollar vs US DollarNZDUSD is trading at 0.6933; 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 0.6955 and then resume moving downwards to reach 0.6755. Another signal in favor of a further downtrend will be a rebound from…

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