Latest News

Ichimoku Cloud Analysis 24.08.2021 USDCHF, EURJPY, NZDUSD

USDCHF, US Dollar vs Swiss FrancUSDCHF is trading at 0.9129; 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 0.9160 and then resume moving downwards to reach 0.9010. Another signal in favor of a further downtrend will be a rebound from the upside border of the Triangle pattern. However, the bearish scenario may no longer be valid if the price breaks the clouds upside border and fixes above 0.9190. In this case, the pair may continue growing towards 0.9275. To confirm further decline, the asset must break the patterns downside border and fix below 0.9085.EURJPY, Euro vs Japanese YenEURJPY is trading at 128.93; the instrument is moving inside Ichimoku Cloud, thus indicating a sideways tendency. The markets could indicate that the price may test the clouds downside border at 128.70 and then resume moving upwards to reach 130.25. Another signal in favor 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 128.25. In this case, the pair may continue falling towards 127.35. To confirm further growth, the asset must break the descending channels upside border and fix above 129.25.NZDUSD, New Zealand Dollar vs US DollarNZDUSD is trading at 0.6916; the instrument is moving below Ichimoku Cloud, thus indicating a descending tendency. The…

You may also like

Leave a reply

Your email address will not be published. Required fields are marked *

More in Latest News