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Ichimoku Cloud Analysis 31.01.2022 AUDUSD, USDCHF, USDCAD

AUDUSD, Australian Dollar vs US DollarAUDUSD is trading at 0.7135; 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 0.7070 and then resume moving downwards to reach 0.6865. 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 0.7235. In this case, the pair may continue growing towards 0.7325.USDCHF, US Dollar vs Swiss FrancUSDCHF is trading at 0.9310; 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 0.9295 and then resume moving upwards to reach 0.9445. Another signal in favour 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 0.9115. In this case, the pair may continue falling towards 0.9025. To confirm further growth, the asset must break the upside border of the Pennant pattern and fix above 0.9345.USDCAD, US Dollar vs Canadian DollarUSDCAD is trading at 1.2726; 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 1.2670 and then resume moving…

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