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Ichimoku Cloud Analysis 17.09.2021 EURUSD, USDCAD, GBPUSD

EURUSD, Euro vs US DollarEURUSD is trading at 1.1771; 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 1.1795 and then resume moving downwards to reach 1.1655. Another signal in favor of a further downtrend will be a rebound from the rising channels downside border. However, the bearish scenario may no longer be valid if the price breaks the clouds upside border and fixes above 1.1855. In this case, the pair may continue growing towards 1.1945.USDCAD, US Dollar vs Canadian DollarUSDCAD is trading at 1.2663; 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 1.2645 and then resume moving upwards to reach 1.2865. Another signal in favor of a further uptrend will be a rebound from the downside border of the Triangle pattern. However, the bullish scenario may no longer be valid if the price breaks the clouds downside border and fixes below 1.2570. In this case, the pair may continue falling towards 1.2480. To confirm further growth, the asset must break the resistance level and fix above 1.2725, thus breaking the patterns upside border.GBPUSD, Great Britain Pound vs US DollarGBPUSD is trading at 1.3794; the instrument is moving below Ichimoku Cloud, thus indicating a descending tendency. The markets could indicate that the price may test the clouds…

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