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Ichimoku Cloud Analysis 17.11.2021 EURUSD, XAUUSD, AUDUSD

EURUSD, Euro vs US DollarEURUSD is trading at 1.1300; 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 1.1365 and then resume moving downwards to reach 1.1110. Another signal in favour of a further downtrend will be a rebound from the descending channels upside border. However, the bearish scenario may no longer be valid if the price breaks the clouds upside border and fixes above 1.1565. In this case, the pair may continue growing towards 1.1655.XAUUSD, Gold vs US DollarXAUUSD is trading at 1854.00; 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 1840.00 and then resume moving upwards to reach 1920.00. 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 1805.00. In this case, the pair may continue falling towards 1765.00.AUDUSD, Australian Dollar vs US DollarAUDUSD is trading at 0.7295; 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 0.7340 and then resume moving downwards to reach 0.7175. Another signal in favour of a further downtrend will be a rebound from…

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