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

RoboForex Team RoboForex

EUR/USD, “Euro vs US Dollar”

EUR/USD is rising within a bullish channel. The instrument is going above the Ichimoku Cloud, which suggests an uptrend. A test of the Tenkan-Sen line at 1.0805 is expected, followed by a rise to 1.0930. An additional signal confirming the rise might 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 finding a foothold under 1.0702, which will mean a further decline to 1.0630.

USD/JPY, “US Dollar vs Japanese Yen”

USD/JPY is rebounding from the upper boundary of the descending channel. The instrument is going above the Ichimoku Cloud, which suggests an uptrend. A test of the lower boundary of the Cloud at 149.35 is expected, followed by a rise to 152.20. An additional signal confirming the rise might 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 finding a foothold under 148.95, which will mean a further decline to 148.05. Meanwhile, the growth could be confirmed by a breakout of the upper boundary of the descending channel with the price finding a foothold above 150.65.

AUD/USD, “Australian Dollar vs US Dollar”

AUD/USD is testing the upper boundary of the descending channel. The instrument is going above the Ichimoku Cloud, which suggests an uptrend. A test of the Tenkan-Sen line at 0.6525 is expected, followed by a rise to 0.6625. An additional signal confirming the rise might 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 finding a foothold under 0.6465, which will mean a further decline to 0.6375.

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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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