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Ichimoku Cloud Analysis 06.09.2021 USDCAD, AUDUSD, USDJPY

USDCAD, US Dollar vs Canadian DollarUSDCAD is trading at 1.2540; 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 1.2595 and then resume moving downwards to reach 1.2315. 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 1.2805. In this case, the pair may continue growing towards 1.2895.AUDUSD, Australian Dollar vs US DollarAUDUSD is trading at 0.7429; 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 0.7405 and then resume moving upwards to reach 0.7605. Another signal in favor 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 0.7225. In this case, the pair may continue falling towards 0.7135.USDJPY, US Dollar vs Japanese YenUSDJPY is trading at 109.79; 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 109.80 and then resume moving downwards to reach 108.75. Another signal in favor of a further downtrend will be a…

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