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Ichimoku Cloud Analysis 27.08.2021 EURUSD, GBPAUD, AUDCAD

EURUSD, Euro vs US DollarEURUSD is trading at 1.1761; 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 1.1730 and then resume moving upwards to reach 1.1875. Another signal in favor of a further uptrend will be a rebound from the descending channels upside border. However, the bullish scenario may be cancelled if the price breaks the clouds downside border and fixes below 1.1675. In this case, the pair may continue falling towards 1.1585.GBPAUD, Great Britain Pound vs Australian DollarGBPAUD is trading at 1.8897; 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 1.8925 and then resume moving downwards to reach 1.8745. Another signal in favor of a further downtrend will be a rebound from the upside border of a Triangle pattern. However, the bearish scenario may no longer be valid if the price breaks the clouds upside border and fixes above 1.9105. In this case, the pair may continue growing towards 1.9205. To confirm further decline, the asset must break the patterns downside border and fix below 1.8875.AUDCAD, Australian Dollar vs Canadian DollarAUDCAD is trading at 0.9186; 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 0.9165 and…

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