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Ichimoku Cloud Analysis 10.02.2022 EURCAD, CADJPY, USDCAD

EURCAD, Euro vs Canadian DollarEURCAD is trading at 1.4477; 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 1.4445 and then resume moving upwards to reach 1.4740. Another signal in favour 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 1.4335. In this case, the pair may continue falling towards 1.4245. To confirm further growth, the asset must break the descending channels upside border and fix above 1.4510.CADJPY, Canadian Dollar vs Japanese YenCADJPY is trading at 90.95; 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 90.65 and then resume moving upwards to reach 92.10. Another signal in favour of a further uptrend will be a rebound from the upside border of a Triangle pattern. However, the bullish scenario may no longer be valid if the price breaks the clouds downside border and fixes below 90.05. In this case, the pair may continue falling towards 89.45.USDCAD, US Dollar vs Canadian DollarUSDCAD is trading at 1.2674; 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 1.2710 and then…

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