Ichimoku Cloud Analysis 10.05.2018 (AUDUSD, NZDUSD, USDCAD)

10.05.2018

AUDUSD, “Australian Dollar vs US Dollar”

AUDUSD is trading at 0.7459; the instrument is moving below Ichimoku Cloud, which means that it may continue falling. The markets could indicate that the price may test Tenkan-Sen and Kijun-Sen at 0.7465 and then continue moving downwards to reach 0.7315. Another signal to confirm further descending movement is the price’s rebounding from the resistance level. However, the scenario that Implies further decline may be cancelled if the price breaks the upside border of the cloud and fixes above 0.7545. In this case, the pair may continue growing towards 0.7650.

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 0.6902; the instrument is moving below Ichimoku Cloud, which means that it may continue falling. The markets could indicate that the price may test Tenkan-Sen and Kijun-Sen at 0.6920 and then continue moving downwards to reach 0.6805. Another signal to confirm further descending movement is the price’s rebounding from the upside border of the descending channel. However, the scenario that implies further decline may be cancelled if the price breaks the upside border of the cloud and fixes above 0.7036. In this case, the pair may continue growing towards 0.7150.

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 1.2835; 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 1.2865 and then continue moving downwards to reach 1.2705. Another signal to confirm further descending movement is the price’s rebounding from the downside border of the rising channel. However, the scenario that implies further decline may be cancelled if the price breaks the upside border of the cloud and fixes above 1.2925. In this case, the pair may continue growing towards 1.3050.

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

 

RoboForex Analytical Department

 

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.