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

RoboForex Team RoboForex

EUR/USD, “Euro vs US Dollar”

EURUSD is testing the indicator’s signal lines. The pair is going above the Ichimoku Cloud, which suggests an uptrend. A test of the Kijun-Sen line at 1.0835 is expected, followed by a rise to 1.0975. An additional 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 below 1.0725, indicating a further decline to 1.0635.

USD/CHF, “US Dollar vs Swiss Franc”

USDCHF is rebounding from the resistance level. The pair is going below the Ichimoku Cloud, which suggests a downtrend. A test of the Cloud’s lower boundary at 0.9070 is expected, followed by a decline to 0.8930. 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 0.9130, which will signal further growth to 0.9220.

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

NZDUSD has gained a foothold above the Tenkan-Sen line. The pair is going above the Ichimoku Cloud, which suggests an uptrend. A test of the Kijun-Sen line at 0.6075 is expected, followed by a rise to 0.6225. An additional 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 below 0.5940, indicating a further decline to 0.5855.

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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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