Ichimoku Cloud Analysis 16.02.2018 (AUDUSD, NZDUSD, USDCAD)
AUDUSD, “Australian Dollar vs US Dollar”
AUDUSD is trading at 0.7968; the instrument is moving above Ichimoku Cloud, which means that it may continue growing. One should expect the price to test the upside border of the cloud at 0.7950 and then continue moving upwards to reach 0.7840. 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 0.7820. In this case, the pair may continue falling towards 0.7730.
Risk Warning: the results of previous trading operations do not guarantee the same results in the future.
NZDUSD, “New Zealand Dollar vs US Dollar”
NZDUSD is trading at 0.7422; the instrument is moving above Ichimoku Cloud, which means that it may continue growing. One should expect the price to test Tenkan-Sen and Kijun-Sen at 0.7360 and then continue moving upwards to reach 0.7510. 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 0.7280. In this case, the pair may continue falling towards 0.7185.
Risk Warning: the results of previous trading operations do not guarantee the same results in the future.
USDCAD, “US Dollar vs Canadian Dollar”
USDCAD is trading at 1.2470; the instrument is moving inside Ichimoku Cloud, which means that it is moving sideways. One should expect the price to test the downside border of the cloud at 1.2465 and then continue moving upwards to reach 1.2580. However, the scenario that implies further growth may be cancelled if the price breaks the downside border of the cloud and fixes below 1.2425. In this case, the pair may continue falling towards 1.2270. After breaking the upside border of the cloud and fixing above 1.2620, the price may resume growing.
Risk Warning: the results of previous trading operations do not guarantee the same results in the future.
RoboForex Analytical Department
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.