Ichimoku cloud analysis: EUR/USD, NZD/USD, USD/JPY

RoboForex Team RoboForex

EUR/USD, “Euro vs US Dollar”

EUR/USD is testing the Tenkan-Sen line. The instrument is going below the Ichimoku Cloud, which suggests a bearish trend. A test of the upper boundary of the Cloud at 1.0565 is expected, followed by a decline to 1.0365. An additional signal confirming the decline will be a rebound from the lower boundary of the bullish channel. The scenario can be cancelled by a breakout of the upper boundary of the Cloud with the price securing above 1.0605, which will mean further growth to 1.0705.

NZD/USD, “New Zealand Dollar vs US Dollar”

NZD/USD has secured above the signal lines of the indicator. The instrument is going below the Ichimoku Cloud, which suggests a downtrend. A test of the lower boundary of the Cloud at 0.5935 is expected, followed by a decline to 0.5845. An additional signal confirming the decline will be a rebound from the upper boundary of the bearish channel. The scenario can be cancelled by a breakout of the upper boundary of the Cloud with the price securing above 0.5965, which will mean further growth to 0.6055. Meanwhile, the decline could be confirmed by a breakout of the lower boundary of the bullish channel with the price securing under 0.5905.

USD/JPY, “US Dollar vs Japanese Yen”

USD/JPY is correcting within a bullish channel. The instrument is going inside the Ichimoku Cloud, which suggests a flat. A test of the lower boundary of the Cloud at 149.30 is expected, followed by a rise to 150.45. A signal confirming the rise will be a rebound from the lower boundary of the bullish channel. The scenario can be cancelled by a breakout of the lower boundary of the Cloud with the price securing under 148.95, which will mean a further decline to 147.95. Meanwhile, the growth could be confirmed by a breakout of the upper boundary of the bullish channel with the price securing above 149.65.

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RoboForex Team

RoboForex

RoboForex Team is a group of professional financial experts with high experience on financial market, whose main purpose is to provide traders with quality and up-to-date market information.

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