Ichimoku Cloud Analysis 11.10.2018 (AUDUSD, NZDUSD, USDCAD)

11.10.2018

AUDUSD, “Australian Dollar vs US Dollar”

AUDUSD is trading at 0.7073; the instrument is moving below Ichimoku Cloud, thus indicating a descending tendency. The markets could indicate that the price may test Tenkan-Sen and Kijun-Sen at 0.7090 and then resume moving downwards to reach 0.6975. Another signal to confirm further descending movement is the price’s rebounding from the channel’s upside border. However, the scenario that Implies further decline may be cancelled if the price breaks the upside border of the cloud and fixes above 0.7150. In this case, the pair may continue growing towards 0.7225.

AUDUSD
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

 

NZDUSD, “New Zealand Dollar vs US Dollar”

NZDUSD is trading at 0.6475; the instrument is moving below Ichimoku Cloud, thus indicating a descending tendency. The markets could indicate that the price may test the downside border of the cloud at 0.6490 and then resume moving downwards to reach 0.6365. Another signal to confirm further descending movement is the price’s rebounding from the upside border of the Triangle pattern. However, the scenario that Implies further decline may be cancelled if the price breaks the upside border of the cloud and fixes above 0.6530. In this case, the pair may continue growing towards 0.6655.

NZDUSD
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

 

USDCAD, “US Dollar vs Canadian Dollar”

USDCAD is trading at 1.3042; the instrument is moving above Ichimoku Cloud, thus indicating an ascending tendency. The markets could indicate that the price may test Tenkan-Sen and Kijun-Sen at 1.2985 and then continue moving upwards to reach 1.3165. Another signal to confirm further ascending movement is the price’s rebounding from the channel’s downside border. However, the scenario that implies further growth may be cancelled if the price breaks the downside border of the cloud and fixes below 1.2895. In this case, the pair may continue falling towards 1.2795.

USDCAD
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

Attention!

Forecasts presented in this section only reflect the author’s private opinion and should not be considered as guidance for trading. RoboForex bears no responsibility for trading results based on trading recommendations described in these analytical reviews.

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