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Ichimoku Cloud Analysis 08.09.2021 USDCAD, USDJPY, EURGBP

USDCAD, US Dollar vs Canadian DollarUSDCAD is trading at 1.2658; the instrument is moving inside Ichimoku Cloud, thus indicating a sideways tendency. The markets could indicate that the price may test the clouds downside border at 1.2610 and then resume moving upwards to reach 1.2830. 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 1.2535. In this case, the pair may continue falling towards 1.2445. To confirm further growth, the asset must break the clouds upside border and fix above 1.2720.USDJPY, US Dollar vs Japanese YenUSDJPY is trading at 110.41; 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 110.15 and then resume moving upwards to reach 111.85. Another signal in favor of a further uptrend will be a rebound from the upside border of the Triangle pattern. However, the bullish scenario may no longer be valid if the price breaks the clouds downside border and fixes below 109.55. In this case, the pair may continue falling towards 108.65.EURGBP, Euro vs Great Britain PoundEURGBP is trading at 0.8596; 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 0.8580 and then resume…

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