Latest News

Ichimoku Cloud Analysis 29.11.2021 EURUSD, USDCAD, GBPJPY

EURUSD, Euro vs US DollarEURUSD is trading at 1.1281; 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 1.1285 and then resume moving downwards to reach 1.1105. 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 1.1375. In this case, the pair may continue growing towards 1.1465.USDCAD, US Dollar vs Canadian DollarUSDCAD is trading at 1.2750; 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 1.2685 and then resume moving upwards to reach 1.2965. 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 1.2585. In this case, the pair may continue falling towards 1.2495.GBPJPY, Great Britain Pound vs Japanese YenGBPJPY is trading at 150.87; 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 151.30 and then resume moving downwards to reach 149.15. Another signal in favour of a further downtrend will be a…

You may also like

Leave a reply

Your email address will not be published.

More in Latest News