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Ichimoku Cloud Analysis 21.04.2022 EURUSD, BRENT, GBPUSD

EURUSD, Euro vs US DollarEURUSD is rebounding from the clouds upside border at 1.0897; bears have failed to fix the price below the support area at 1.0805. The instrument is currently moving inside Ichimoku Cloud, thus indicating a sideways tendency. The markets could indicate that the price may test the clouds downside border at 1.0855 and then resume moving upwards to reach 1.1095. Another signal in favour of a further uptrend will be a rebound from the descending channels upside border. However, the bullish scenario may no longer be valid if the price breaks the clouds downside border and fixes below 1.0780. In this case, the pair may continue falling towards 1.0690. Also, there is a potential for the formation of an upsidedown Head Shoulders reversal pattern with the target at 1.1065. While forming the pattern, the asset may fall to test 1.0820 and complete the patterns right shoulder there.BRENTBrent is still testing TenkanSen and KijunSen at 108.10. The instrument is currently moving above Ichimoku Cloud, thus indicating an ascending tendency. The markets could indicate that the price may test the clouds upside border at 105.45 and then resume moving upwards to reach 120.65. 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 100.00. In this case, the pair may continue falling towards 90.00. To…

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