Ichimoku Cloud Analysis 12.07.2022 (EURUSD, GBPUSD, NZDUSD) :: InvestMacro


Article by RoboForex.com

EURUSD, “Euro vs. US Dollar”

The EURUSD continues to fall within the descending channel. The tool is currently moving below the Ichimoku cloud, indicating a downward trend. Markets could indicate that the price may test Kijun-Sen at 1.0095 and then resume moving down to reach 0.9745. 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 1.0415. In this case, the pair may continue rising towards 1.0505.


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

GBPUSD, “Great British Pound to US Dollar”

GBPUSD is bouncing off the support level once again. 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 1.1975 and then resume moving down to reach 1.1595. Another signal in favor of more downside will be the bounce from the rising 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 1.2165. In this case, the pair may continue rising towards 1.2255.

British Pounds / US Dollars
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 has been holding below the support level, which indicates the dominance of the bears. The tool is currently moving below the Ichimoku cloud, indicating a downward trend. Markets could suggest that the price may test the lower boundary of the cloud at 0.6170 and then resume moving down to reach 0.5975. 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 0.6265. In this case, the pair may continue to rise towards 0.6355.

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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