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Ichimoku Cloud Analysis 27.05.2022 USDCAD, XAUUSD, BRENT

USDCAD, US Dollar vs Canadian DollarUSDCAD is rebounding from the bearish channels downside border. The instrument is currently moving below Ichimoku Cloud, thus indicating a descending tendency. The markets could indicate that the price may test the clouds downside at 1.2815 and then resume moving downwards to reach 1.2585. 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 1.2945. In this case, the pair may continue growing towards 1.3035. To confirm further decline, the price must break the descending channels downside border and fix below 1.2715.XAUUSD, Gold vs US DollarXAUUSD is testing TenkanSen and KijunSen. The instrument is currently moving above Ichimoku Cloud, thus indicating an ascending tendency. The markets could indicate that the price may test the clouds upside border at 1845.00 and then resume moving upwards to reach 1905.00. 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 1815.00. In this case, the pair may continue falling towards 1775.00. To confirm further growth, the price must break the descending channels upside border and fix above 1875.75.BRENTBrent is rebounding from TenkanSen. The instrument is currently…

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