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Ichimoku Cloud Analysis 28.12.2021 USDCAD, XAUUSD, USDJPY

USDCAD, US Dollar vs Canadian DollarUSDCAD is trading at 1.2787; the instrument is moving below Ichimoku Cloud, thus indicating a descending tendency. The markets could indicate that the price may test the clouds downside border at 1.2795 and then resume moving downwards to reach 1.2665. 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 1.2885. In this case, the pair may continue growing towards 1.2975. To confirm further decline, the asset must break the support level and fix below 1.2705. This movement will indicate a breakout of the rising channels downside border.XAUUSD, Gold vs US DollarXAUUSD is trading at 1812.00; the instrument is moving above Ichimoku Cloud, thus indicating an ascending tendency. The markets could indicate that the price may TenkanSen and KijunSen at 1815.00 and then resume moving upwards to reach 1825.00. 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 1795.00. In this case, the pair may continue falling towards 1765.00.USDJPY, US Dollar vs Japanese YenUSDJPY is trading at 114.85; the instrument is moving above Ichimoku Cloud, thus indicating an ascending tendency. The markets could indicate that the…

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