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Ichimoku Cloud Analysis 17.01.2022 EURUSD, XAGUSD, USDCAD

EURUSD, Euro vs US DollarEURUSD is trading at 1.1413; 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 1.1375 and then resume moving upwards to reach 1.1560. 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 1.1290. In this case, the pair may continue falling towards 1.1195.XAGUSD, Silver vs US DollarXAGUSD is trading at 22.97; 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 22.65 and then resume moving upwards to reach 24.05. 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 22.15. In this case, the pair may continue falling towards 21.25. To confirm further growth, the asset must break the neckline of a Head Shoulders reversal pattern and fix above 23.50.USDCAD, US Dollar vs Canadian DollarUSDCAD is trading at 1.2541; 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 1.2560 and then resume moving downwards to…

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