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Ichimoku Cloud Analysis 14.04.2022 GBPUSD, NZDUSD, XAUUSD

GBPUSD, Great Britain Pound vs US DollarGBPUSD is still growing within the bullish impulse at 1.3142. The bears second attempt to break the support area at 1.2965 failed, thats why the daily chart has the potential for the formation of a Double Bottom reversal pattern. To complete the pattern, bulls have to fix above 1.3300 after that, they may continue pushing the price up to 1.3600. 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 1.3080 and then resume moving upwards to reach 1.3270. Another signal in favour 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 1.3005. In this case, the pair may continue falling towards 1.2910.NZDUSD, New Zealand Dollar vs US DollarNZDUSD is rebounding from TenkanSen and KijunSen at 0.6830. The current price movement may be considered a 50 bearish pattern. As a rule, after testing this patterns upside border, the price falls and updates the local low. The instrument is currently moving below Ichimoku Cloud, thus indicating a descending tendency. The markets could indicate that the price may test the clouds downside border at 0.6875 and then resume moving downwards to reach 0.6650. Another signal in favour of a further downtrend will be a rebound from the descending…

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