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Ichimoku Cloud Analysis 17.03.2022 EURUSD, NZDUSD, USDCAD

EURUSD, Euro vs US DollarEURUSD is trading at 1.1030; the instrument is moving above Ichimoku Cloud, thus indicating an ascending tendency. The markets could indicate that the price may test the clouds downside border at 1.1005 and then resume moving upwards to reach 1.1250. 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 1.0920. In this case, the pair may continue falling towards 1.0830.NZDUSD, New Zealand Dollar vs US DollarNZDUSD is trading at 0.6843; the instrument is moving inside Ichimoku Cloud, thus indicating a sideways tendency. The markets could indicate that the price may test the clouds downside border at 0.6830 and then resume moving upwards to reach 0.6970. 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 0.6785. In this case, the pair may continue falling towards 0.6685.USDCAD, US Dollar vs Canadian DollarUSDCAD is trading at 1.2674; 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 1.2725 and then resume moving downwards to reach 1.2520. Another signal in favour of a further downtrend will be a rebound…

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