Ichimoku Cloud Analysis 05.07.2022 (EURUSD, BRENT, NZDUSD) :: InvestMacro


Article by RoboForex.com

EURUSD, “Euro vs. US Dollar”

EURUSD is bouncing off Tenkan-Sen and Kijun-Sen. The tool is currently moving below the Ichimoku Cloud, indicating a downward trend. Markets could indicate that the price may test the lower boundary of the cloud at 1.0465 and then resume moving lower to reach 1.0255. Another signal in favor of more bearishness will be the bounce from the ascending boundary of the descending channel. However, the bearish scenario may not be valid if the price breaks through the ascending boundary of the cloud and holds above 1.0585. In this case, the pair may continue rising towards 1.0675. To confirm further decline, the price must break the lower boundary of the ascending channel and hold below 1.0385.


Risk Warning: The result of previous trading operations does not guarantee the same results in the future

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Brent is testing the resistance level. The instrument is currently moving above the Ichimoku Cloud, indicating an upward trend. Markets may indicate that the price may test the upward boundary of the cloud at 115.15 and then resume moving upwards to reach 124.45. Another signal in favor of more upside will be the bounce from the lower boundary of the ascending channel. However, the bullish scenario may not be valid if the price breaks through the lower boundary of the cloud and holds below 111.05. In this case, the pair may continue falling towards 109.55.

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Risk Warning: The result of previous trading operations does not guarantee the same results in the future

NZDUSD, “New Zealand Dollar against the US Dollar”


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NZDUSD is correcting inside the descending channel. The tool is currently moving below the Ichimoku Cloud, indicating a downward trend. Markets could indicate that the price may test the lower boundary of the cloud at 0.6230 and then resume moving down to reach 0.6075. Another signal in favor of more bearishness will be the bounce from the ascending boundary of the descending channel. However, the bearish scenario may not be valid if the price breaks through the ascending boundary of the cloud and holds above 0.6320. In this case, the pair may continue to rise towards level of 0.6415.

NZDUSD

Article by RoboForex.com

attention!
Forecasts presented in this section only reflect the author’s own opinion and should not be considered guidelines for trading. RoboForex LP does not assume any responsibility for the trading results based on the trading recommendations described in these analytical reviews.



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