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Ichimoku Cloud Analysis 29.10.2021 NZDUSD, USDJPY, USDCHF

NZDUSD, New Zealand Dollar vs US DollarNZDUSD is trading at 0.7184; 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 0.7150 and then resume moving upwards to reach 0.7325. 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 0.7035. In this case, the pair may continue falling towards 0.6945.USDJPY, US Dollar vs Japanese YenUSDJPY is trading at 113.52; 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 113.85 and then resume moving downwards to reach 111.75. 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 114.55. In this case, the pair may continue growing towards 115.45.USDCHF, US Dollar vs Swiss FrancUSDCHF is trading at 0.9117; 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 0.9160 and then resume moving downwards to reach 0.8985. Another signal in favour of a further downtrend will be a…

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