Ichimoku Cloud Analysis 20.11.2018 (AUDUSD, NZDUSD, USDCAD)

21st November 2018 Off By binary
Ichimoku Cloud Analysis 20.11.2018 (AUDUSD, NZDUSD, USDCAD)

Article By RoboForex.com

AUDUSD, “Australian Dollar vs US Dollar”

AUDUSD is trading at 0.7280; the instrument is moving above Ichimoku Cloud, thus indicating an ascending tendency. The markets could indicate that the price may test the upside border of the cloud at 0.7230 and then resume moving upwards to reach 0.7385. Another signal to confirm further ascending movement is the price’s rebounding from the support level. However, the scenario that Implies further growth may be cancelled if the price breaks the downside border of the cloud and fixes below 0.7215. In this case, the pair may continue falling towards 0.7150.

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 0.6851; the instrument is moving above Ichimoku Cloud, thus indicating an ascending tendency. The markets could indicate that the price may test the upside border of the cloud at 0.6780 and then resume moving upwards to reach 0.6935. 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 0.6725. In this case, the pair may continue falling 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 1.3166; the instrument is moving inside Ichimoku Cloud, thus indicating a sideways tendency. The markets could indicate that the price may test the upside border of the cloud at 1.3195 and then resume moving downwards to reach 1.3060. Another signal to confirm further descending movement is the price’s forming Head & Shoulders reversal pattern. However, the scenario that implies further decline may be cancelled if the price breaks the upside border of the cloud and fixes above 1.3225. In this case, the pair may continue growing towards 1.3295. After breaking the cloud’s downside border and fixing below 1.3120, the price may continue moving downwards.

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

Article By RoboForex.com

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

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