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Ichimoku Cloud Analysis 23.09.2021 EURUSD, USDJPY, USDCAD

EURUSD, Euro vs US DollarEURUSD is trading at 1.1708; 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 1.1755 and then resume moving downwards to reach 1.1575. 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 1.1815. In this case, the pair may continue growing towards 1.1905.USDJPY, US Dollar vs Japanese YenUSDJPY is trading at 109.86; 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 109.75 and then resume moving upwards to reach 110.60. Another signal in favor of a further uptrend will be a breakout of the descending channels upside border, which will complete the Double Bottom reversal pattern. However, the bullish scenario may no longer be valid if the price breaks the clouds downside border and fixes below 109.30. In this case, the pair may continue falling towards 108.40.USDCAD, US Dollar vs Canadian DollarUSDCAD is trading at 1.2747; 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 1.2695 and then resume moving upwards to reach 1.2955. Another signal…

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