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Ichimoku Cloud Analysis 22.11.2021 GBPUSD, USDCAD, NZDUSD

GBPUSD, Great Britain Pound vs US DollarGBPUSD is trading at 1.3438; the instrument is moving below Ichimoku Cloud, thus indicating a descending tendency. The markets could indicate that the price may test at TenkanSen and KijunSen 1.3445 and then resume moving downwards to reach 1.3225. 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 1.3555. In this case, the pair may continue growing towards 1.3655. To confirm further decline, the asset must break the downside border of the Triangle pattern and fix below 1.3395.USDCAD, US Dollar vs Canadian DollarUSDCAD is trading at 1.2539; 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 1.2550 and then resume moving upwards to reach 1.2775. 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 1.2470. In this case, the pair may continue falling towards 1.2385.NZDUSD, New Zealand Dollar vs US DollarNZDUSD is trading at 0.7006; the instrument is moving below Ichimoku Cloud, thus indicating a descending tendency. The markets could indicate that the price may test the clouds downside…

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