Latest News

Ichimoku Cloud Analysis 12.10.2021 EURUSD, BRENT, CADJPY

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 the clouds upside border at 1.1570 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 1.1655. In this case, the pair may continue growing towards 1.1745.BRENTBrent is trading at 84.23; 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 81.55 and then resume moving upwards to reach 91.35. Another signal in favor 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 79.15. In this case, the pair may continue falling towards 76.25.CADJPY, Canadian Dollar vs Japanese YenCADJPY is trading at 90.78; 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 89.65 and then resume moving upwards to reach 94.05. Another signal in favor of a further uptrend will be a breakout of the rising channels downside border. However,…

You may also like

Leave a reply

Your email address will not be published. Required fields are marked *

More in Latest News