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Ichimoku Cloud Analysis 27.04.2022 EURUSD, USDJPY, AUDUSD

EURUSD, Euro vs US DollarIn the monthly chart, EURUSD is testing the descending channels downside border; after updating last Marchs low, the asset has broken the downside border of a Triangle pattern and may later return to the patterns broken border at 1.0845. The instrument is currently moving below Ichimoku Cloud, thus indicating a descending tendency. The markets could indicate that the price may test TenkanSen and KijunSen at 1.0665 and then resume moving downwards to reach 1.0445. Another signal in favour of a further downtrend will be a rebound from the descending channels downside border. However, the bearish scenario may no longer be valid if the price breaks the clouds upside border and fixes above 1.0875. In this case, the pair may continue growing towards 1.0965.USDJPY, US Dollar vs Japanese YenUSDJPY is correcting within the bearish channel. 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 127.45 and then resume moving upwards to reach 130.75. 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 126.65. In this case, the pair may continue falling towards 125.75. To confirm further growth, the asset must break the descending channels upside border and fix above…

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