Ichimoku Cloud Analysis 07.07.2022 (AUDUSD, BRENT, USDCAD) :: InvestMacro


Article by RoboForex.com

AUDUSD, “Australian dollar to US dollar”

AUDUSD bounces off Tenkan-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 0.6820 and then resume moving down to reach 0.6575. 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 0.6905. In this case, the pair may continue to rise towards the level of 0.7005.


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

print

Brent crude is falling 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 106.05 and then resume moving down to reach 95.25. 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 111.25. In this case, the pair may continue to rise towards 117.05.

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

USDCAD, “the US dollar against the Canadian dollar”


Get our free MetaTrader 4 indicators – Put our free MetaTrader 4 custom indicators on your charts when you join our weekly newsletter


Get weekly commitment to traders’ reports Find out where the largest traders (hedge funds and commercial hedgers) are located in the futures markets on a weekly basis.


USDCAD is bouncing off the upward boundary of the cloud. The instrument is currently moving above the Ichimoku Cloud, indicating an upward trend. Markets may indicate that the price may test the cloud’s upside boundary at 1.2925 and then resume moving upwards to reach 1.3345. 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 1.2920. In this case, the pair may continue falling towards 1.2825.

USDCAD

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.



Source link

Add a Comment

Your email address will not be published.