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Ichimoku Cloud Analysis 18.10.2021 EURUSD, BRENT, USDJPY

EURUSD, Euro vs US DollarEURUSD is trading at 1.1571; 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 1.1555 and then resume moving upwards to reach 1.1675. 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 1.1520. In this case, the pair may continue falling towards 1.1430. To confirm further growth, the asset must break the clouds upside border and fix above 1.1625.BRENTBrent is trading at 85.48; 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 84.05 and then resume moving upwards to reach 91.55. 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 79.45. In this case, the pair may continue falling towards 76.55.USDJPY, US Dollar vs Japanese YenUSDJPY is trading at 114.30; 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 113.95 and then resume moving upwards to reach 115.35. Another signal in…

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