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Ichimoku Cloud Analysis 07.10.2021 EURUSD, NZDUSD, BRENT

EURUSD, Euro vs US DollarEURUSD is trading at 1.1551; 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 1.1590 and then resume moving downwards to reach 1.1395. 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.NZDUSD, New Zealand Dollar vs US DollarNZDUSD is trading at 0.6910; 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 0.6930 and then resume moving downwards to reach 0.6750. 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 0.7005. In this case, the pair may continue growing towards 0.7105.BRENTBrent is trading at 81.21; 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 79.85 and then resume moving upwards to reach 88.05. Another signal in favor of a further uptrend will be a rebound from the rising channels downside…

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