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Ichimoku Cloud Analysis 23.08.2021 AUDUSD, BRENT, USDJPY

AUDUSD, Australian Dollar vs US DollarAUDUSD is trading at 0.7158; 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 0.7215 and then resume moving downwards to reach 0.6995. Another signal in favor 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 0.7355. In this case, the pair may continue growing towards 0.7445.BRENTBrent is trading at 66.39; 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 68.95 and then resume moving downwards to reach 61.25. Another signal in favor 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 70.75. In this case, the pair may continue growing towards 75.05.USDJPY, US Dollar vs Japanese YenUSDJPY is trading at 109.91; the instrument is moving above Ichimoku Cloud, thus indicating an ascending tendency. The markets could indicate that the price may test the clouds downside border at 109.65 and then resume moving upwards to reach 111.25. Another signal in favor of a further uptrend will be a rebound from the downside border of the…

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