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Ichimoku Cloud Analysis 13.01.2022 EURUSD, USDJPY, USDCAD

EURUSD, Euro vs US DollarEURUSD is trading at 1.1440; 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 1.1395 and then resume moving upwards to reach 1.1525. Another signal in favour of a further uptrend will be a rebound from the support level. However, the bullish scenario may no longer be valid if the price breaks the clouds downside border and fixes below 1.1275. In this case, the pair may continue falling towards 1.1185.USDJPY, US Dollar vs Japanese YenUSDJPY is trading at 114.62; the instrument is moving below Ichimoku Cloud, thus indicating a descending tendency. The markets could indicate that the price may test TenkanSen and KijunSen at 115.05 and then resume moving downwards to reach 113.35. 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 116.15. In this case, the pair may continue growing towards 117.05.USDCAD, US Dollar vs Canadian DollarUSDCAD is trading at 1.2500; 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 1.2555 and then resume moving downwards to reach 1.2365. Another signal in favour of a further downtrend will be a rebound from the descending…

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