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Ichimoku Cloud Analysis 31.08.2021 EURUSD, AUDUSD, USDCAD

EURUSD, Euro vs US DollarEURUSD is trading at 1.1828; 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 1.1790 and then resume moving upwards to reach 1.1955. Another signal in favor of a further uptrend will be a rebound from the support level. However, the bullish scenario may be cancelled if the price breaks the clouds downside border and fixes below 1.1680. In this case, the pair may continue falling towards 1.1585. To confirm further growth, the asset must break the descending channels upside border and fix above 1.1845.AUDUSD, Australian Dollar vs US DollarAUDUSD is trading at 0.7340; 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 0.7265 and then resume moving upwards to reach 0.7505. 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 0.7175. In this case, the pair may continue falling towards 0.7085.USDCAD, US Dollar vs Canadian DollarUSDCAD is trading at 1.2570; 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 1.2625 and then resume moving downwards to reach 1.2310. Another…

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