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Ichimoku Cloud Analysis 08.10.2021 GBPUSD, NZDCHF, XAUUSD

GBPUSD, Great Britain Pound vs US DollarGBPUSD is trading at 1.3594; 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 1.3550 and then resume moving upwards to reach 1.3805. 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 1.3480. In this case, the pair may continue falling towards 1.3390.NZDCHF, New Zealand Dollar vs Swiss FrancNZDCHF is trading at 0.6438; 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 0.6445 and then resume moving downwards to reach 0.6310. 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 0.6495. In this case, the pair may continue growing towards 0.6585.XAUUSD, Gold vs US DollarXAUUSD is trading at 1759.00; 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 1750.00 and then resume moving upwards to reach 1815.00. Another signal in favor of a further uptrend will be…

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