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Ichimoku Cloud Analysis 19.05.2022 NZDUSD, XAUUSD, EURGBP

NZDUSD, New Zealand Dollar vs US DollarNZDUSD is rebounding from the bearish channels upside border. The instrument is currently moving inside Ichimoku Cloud, thus indicating a sideways tendency. Early in May, there was a similar test of the cloud, which resulted in a further downtrend. The markets could indicate that the price may retest TenkanSen at 0.6330 and then resume moving downwards to reach 0.6075. 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 0.6405. In this case, the pair may continue growing towards 0.6505. To confirm further decline, the asset must break the rising channels downside border and fix below 0.6230; so far, bears havent been able to leave the correctional channel.XAUUSD, Gold vs US DollarXAUUSD is testing TenkanSen and KijunSen. The instrument is currently moving below Ichimoku Cloud, thus indicating a descending tendency. The markets could indicate that the price may test the clouds downside border at 1825.00 and then resume moving downwards to reach 1725.00. 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 1865.00. In this case, the pair may continue growing towards 1895.00. To confirm further…

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