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Ichimoku Cloud Analysis 17.08.2021 NZDUSD, USDCAD, USDJPY

NZDUSD, New Zealand Dollar vs US DollarNZDUSD is trading at 0.6933; 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 0.6990 and then resume moving downwards to reach 0.6830. Another signal in favor of a further downtrend will be a rebound from the rising channels downside border. However, the bearish scenario may be canceled if the price breaks the clouds upside border and fixes above 0.7055. In this case, the pair may continue growing towards 0.7145.USDCAD, US Dollar vs Canadian DollarUSDCAD is trading at 1.2599; 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 1.2566 and then resume moving upwards to reach 1.2755. Another signal in favor of a further uptrend will be a rebound from the neckline of a Head Shoulders reversal pattern. However, the bullish scenario may no longer be valid if the price breaks the clouds downside border and fixes below 1.2455. In this case, the pair may continue falling towards 1.2365.USDJPY, US Dollar vs Japanese YenUSDJPY is trading at 109.31; 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 110.50 and then resume moving downwards to reach 108.15. Another signal in favor of a further downtrend will be a…

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