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Ichimoku Cloud Analysis 29.07.2021 EURUSD, NZDJPY, USDCHF

EURUSD, Euro vs US DollarEURUSD is trading at 1.1856; 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 1.1835 and then resume moving upwards to reach 1.1930. Another signal in favor of a further uptrend will be a rebound from the descending channels upside border. However, the bullish scenario may be canceled if the price breaks the clouds downside border and fixes below 1.1755. In this case, the pair may continue falling towards 1.1665.NZDJPY, New Zealand Dollar vs Japanese YenNZDJPY is trading at 76.51; the instrument is moving above Ichimoku Cloud, thus indicating an ascending tendency. The markets could indicate that the price may test the clouds downside border at 76.45 and then resume moving upwards to reach 78.70. 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 75.95. In this case, the pair may continue falling towards 75.00. To confirm further growth, the asset must break the resistance level and fix above 77.55, thus indicating a breakout of the neckline of a Head Shoulders reversal pattern and the start on this pattern materialization.USDCHF, US Dollar vs Swiss FrancUSDCHF is trading at 0.9086; the instrument is moving below Ichimoku Cloud, thus indicating a descending tendency. The markets could…

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