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Ichimoku Cloud Analysis 28.10.2021 EURUSD, XAUUSD, BRENT

EURUSD, Euro vs US Dollar EURUSD is trading at 1.1600; the instrument is moving inside Ichimoku Cloud, thus indicating a sideways tendency. The markets could indicate that the price may test the clouds upside border at 1.1620 and then resume moving downwards to reach 1.1495. Another signal in favour of a further downtrend will be a rebound from the resistance level. However, the bearish scenario may no longer be valid if the price breaks the clouds upside border and fixes above 1.1665. In this case, the pair may continue growing towards 1.1755. To confirm further decline, the asset must break the rising channels downside border and fix below 1.1535.XAUUSD, Gold vs US DollarXAUUSD is trading at 1801.00; 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 1790.00 and then resume moving upwards to reach 1845.00. 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 1765.00. In this case, the pair may continue falling towards 1735.00. To confirm further growth, the asset must break the upside border of the Triangle pattern and fix above 1810.00.BRENTBrent is trading at 83.54; the instrument is moving below Ichimoku Cloud, thus indicating a descending tendency. The markets could indicate that the price…

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