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Ichimoku Cloud Analysis 12.05.2022 EURUSD, USDCAD, USDJPY

EURUSD, Euro vs US DollarEURUSD has fixed below the bullish channels downside border. The instrument is currently moving below Ichimoku Cloud, thus indicating a descending tendency. The markets could indicate that the price may test TenkanSen and KijunSen at 1.0520 and then resume moving downwards to reach 1.0285. Another signal in favour 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 1.0635. In this case, the pair may continue growing towards 1.0725.USDCAD, US Dollar vs Canadian DollarUSDCAD is testing the resistance area. The instrument is currently moving above Ichimoku Cloud, thus indicating an ascending tendency. The markets could indicate that the price may test the clouds upside border at 1.2885 and then resume moving upwards to reach 1.3305. 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 1.2785. In this case, the pair may continue falling towards 1.2695.USDJPY, US Dollar vs Japanese YenUSDJPY is no longer moving within the bullish channel. The instrument is currently moving inside Ichimoku Cloud, thus indicating a sideways tendency. The markets could indicate that the price may test the clouds upside border at 130.10 and then resume moving…

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