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Ichimoku Cloud Analysis 05.11.2021 EURUSD, XAUUSD, USDCHF

EURUSD, Euro vs US DollarEURUSD is trading at 1.1554; 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 1.1565 and then resume moving downwards to reach 1.1470. Another signal in favour 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 1.1620. In this case, the pair may continue growing towards 1.1705.XAUUSD, Gold vs US DollarXAUUSD is trading at 1796.00; the instrument is moving above Ichimoku Cloud, thus indicating an ascending tendency. The markets could indicate that the price may test the clouds downside border at 1790.00 and then resume moving upwards to reach 1845.00. Another signal in favour 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 1765.00. In this case, the pair may continue falling towards 1735.00.USDCHF, US Dollar vs Swiss FrancUSDCHF is trading at 0.9123; 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 0.9140 and then resume moving downwards to reach 0.9005. Another signal in favour of a further downtrend will be a rebound from…

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