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Ichimoku Cloud Analysis 19.08.2021 EURUSD, NZDUSD, USDACD

EURUSD, Euro vs US DollarEURUSD is trading at 1.1672; 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 1.1715 and then resume moving downwards to reach 1.1535. Another signal in favor of a further downtrend will be a rebound from the descending channels upside border. However, the bearish scenario may be cancelled if the price breaks the clouds upside border and fixes above 1.1815. In this case, the pair may continue growing towards 1.1905.NZDUSD, New Zealand Dollar vs US DollarNZDUSD is trading at 0.6836; 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 0.6890 and then resume moving downwards to reach 0.6735. Another signal in favor of a further downtrend will be a rebound from the descending channels upside border. However, the bearish scenario may be canceled if the price breaks the clouds upside border and fixes above 0.7005. In this case, the pair may continue growing towards 0.7095.USDCAD, US Dollar vs Canadian DollarUSDCAD is trading at 1.2724; 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 1.2675 and then resume moving upwards to reach 1.2845. Another signal in favor of a further uptrend will be a rebound from the rising…

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