Ichimok Cloud Analysis 15.07.2019 (AUDUSD, NZDUSD, USDCAD)

AUDUSD

The instrument is trading at 0.7029 above the Ichimoku Cloud which suggests an ascending trend. Testing of the upper border of the Cloud near 0.7015 is expected, followed by growth to 0.7105. Yet another signal of growth may be a bounce off the support line. The scenario may no longer be valid in case the lower border of the Cloud is broken and trading closed under 0.6970, which may be followed by further decline below 0.6895.

NZDUSD

The instrument is trading at 0.6718 above the Ichimoku Cloud which suggests an ascending trend. A test of the signal lines near 0.6695 is expected, followed by growth to 0.6795. Yet another signal of growth may be a bounce off the upper border of the descending channel. The scenario may no longer be valid in case the lower border of the Cloud is broken and trading closed under 0.6620, which may be followed by further decline to 0.6545.

USDCAD

The instrument is trading at 1.3027 below the Ichimoku Cloud which suggests a descending trend. Testing of the lower border of the Cloud near 1.3075 is expected, followed by decline to 1.2855. Yet another signal of decline may be a bounce off the resistance line. The scenario may no longer be valid in case the upper border of the Cloud is broken and trading closed above 1.3135, which may be followed by further growth to 1.3225.