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Ichimoku Cloud Analysis 19.11.2021 EURUSD, AUDUSD, USDJPY

EURUSD, Euro vs US DollarEURUSD is trading at 1.1371; the instrument is moving below Ichimoku Cloud, thus indicating a descending tendency. The markets could indicate that the price may retest TenkanSen and KijunSen at 1.1380 and then resume moving downwards to reach 1.1205. 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 1.1515. In this case, the pair may continue growing towards 1.1605.AUDUSD, Australian Dollar vs US DollarAUDUSD is trading at 0.7273; 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 0.7305 and then resume moving downwards to reach 0.7145. 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 0.7395. In this case, the pair may continue growing towards 0.7485.USDJPY, US Dollar vs Japanese YenUSDJPY is trading at 114.29; the instrument is moving inside Ichimoku Cloud, thus indicating a sideways tendency. The markets could indicate that the price may test the clouds upside border at 114.40 and then resume moving downwards to reach 113.05. Another signal in favour of a further downtrend will be a rebound…

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