Ichimoku Cloud Analysis 22.08.2018 (AUDUSD, NZDUSD, USDCAD)

AUDUSD, “Australian Dollar vs US Dollar”

AUDUSD is trading at 0.7342; the instrument is moving above Ichimoku Cloud, which means that it may continue growing. The markets could indicate that the price may test the upside border of the cloud at 0.7325 and then resume moving upwards to reach 0.7455. Another signal to confirm further ascending movement is the price’s rebounding from the channel’s broken border. However, the scenario that Implies further growth may be cancelled if the price breaks the downside border of the cloud and fixes below 0.7240. In this case, the pair may continue falling towards 0.7155.

NZDUSD, “New Zealand Dollar vs US Dollar”

NZDUSD is trading at 0.6694; the instrument is moving above Ichimoku Cloud, which means that it may continue growing. The markets could indicate that the price may test the upside border of the cloud at 0.6660 and then continue moving upwards to reach 0.6810. 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 0.6570. In this case, the pair may continue falling towards 0.6500.

USDCAD, “US Dollar vs Canadian Dollar”

USDCAD is trading at 1.3039; the instrument is moving below Ichimoku Cloud, which means that it may continue falling. The markets could indicate that the price may test the downside border of the cloud at 1.3065 and then continue moving downwards to reach 1.2930. However, the scenario that implies further decline may be cancelled if the price breaks the upside border of the cloud and fixes above 1.3115. In this case, the pair may continue growing towards 1.3190. After breaking the downside border of the rising channel and fixing below 1.3010, the price may continue moving downwards.