Latest News

Ichimoku Cloud Analysis 21.02.2022 EURUSD, USDJPY, NZDUSD

EURUSD, Euro vs US DollarEURUSD is trading at 1.1366; the instrument is moving below Ichimoku Cloud, thus indicating a descending tendency. The markets could indicate that the price may test the clouds upside border at 1.1380 and then resume moving downwards to reach 1.1180. Another signal in favour of a further downtrend will be a rebound from the upside border of the Triangle pattern. However, the bearish scenario may no longer be valid if the price breaks the clouds upside border and fixes above 1.1445. In this case, the pair may continue growing towards 1.1535. To confirm further decline, the asset must break the patterns downside border and fix below 1.1285.USDJPY, US Dollar vs Japanese YenUSDJPY is trading at 114.94; 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 115.15 and then resume moving downwards to reach 113.60. Another signal in favour of a further downtrend will be a rebound from the rising channels downside border. However, the bearish scenario may no longer be valid if the price breaks the clouds upside border and fixes above 115.80. In this case, the pair may continue growing towards 116.65.NZDUSD, New Zealand Dollar vs US DollarNZDUSD is trading at 0.6721; 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 0.6660 and then resume…

You may also like

Leave a reply

Your email address will not be published.

More in Latest News