Latest News

Ichimoku Cloud Analysis 22.04.2022 USDCAD, XAUUSD, NZDUSD

USDCAD, US Dollar vs Canadian DollarUSDCAD is testing the descending channels upside border. After plunging earlier, the asset quickly recovered due to significant pressure from bulls. If they fix the price above 1.2670, the asset may continue growing towards the key resistance at 1.2900, which they had been trying to break for much of the past year. The instrument is currently moving above Ichimoku Cloud, thus indicating an ascending tendency. The markets could indicate that the price may test the clouds downside border at 1.2570 and then resume moving upwards to reach 1.2715. Another signal in favour of a further uptrend will be a rebound from the support level. However, the bullish scenario may no longer be valid if the price breaks the clouds downside border and fixes below 1.2525. In this case, the pair may continue falling towards 1.2420. To confirm a further uptrend, the price must break the descending channels upside border and fix above 1.2625.XAUUSD, Gold vs US DollarXAUUSD is rebounding from the downside border of a 50 pattern. As a rule, after rebounding from the downside border, the asset grows to update the local high, thats why the upside target may be at 2000.00 unless the price breaks the patterns downside border at 1930.00. 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 1950.00 and then resume moving upwards to reach 2015.00….

You may also like

Leave a reply

Your email address will not be published.

More in Latest News