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Ichimoku Cloud Analysis 21.03.2022 EURUSD, USDCAD, XAUUSD

EURUSD, Euro vs US DollarEURUSD is trading at 1.1042; 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 1.1015 and then resume moving upwards to reach 1.1255. 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 1.0935. In this case, the pair may continue falling towards 1.0845.USDCAD, US Dollar vs Canadian DollarUSDCAD is trading at 1.2612; 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 1.2650 and then resume moving downwards to reach 1.2415. 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 1.2825. In this case, the pair may continue growing towards 1.2915.XAUUSD, Gold vs US DollarXAUUSD is trading at 1924.00; 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 1960.00 and then resume moving downwards to reach 1825.00. Another signal in favour of a further downtrend will be a rebound from the…

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