Latest News

Ichimoku Cloud Analysis 28.07.2021 GBPUSD, BRENT, USDCAD

GBPUSD, Great Britain Pound vs US DollarGBPUSD is trading at 1.3878; the instrument is moving above Ichimoku Cloud, thus indicating an ascending tendency. The markets could indicate that the price may test TenkanSen and KijunSen at 1.3785 and then resume moving upwards to reach 1.4065. Another signal in favor of a further uptrend will be a rebound from the descending channels upside border. However, the bullish scenario may no longer be valid if the price breaks the clouds downside border and fixes below 1.3625. In this case, the pair may continue falling towards 1.3535. To confirm further growth, the asset must break the resistance level and fix above 1.3915.BRENTBrent is trading at 74.42; the instrument is moving above Ichimoku Cloud, thus indicating an ascending tendency. The markets could indicate that the price may the clouds upside border at 71.85 and then resume moving upwards to reach 79.35. 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 69.45. In this case, the pair may continue falling towards 66.35. To confirm further growth, the asset must break the resistance level and fix above 77.05, thus indicating a breakout of the neckline of a Head Shoulders reversal pattern.USDCAD, US Dollar vs Canadian DollarUSDCAD is trading at 1.2577; the instrument is moving below Ichimoku Cloud, thus indicating a descending…

You may also like

Leave a reply

Your email address will not be published.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

More in Latest News