Ichimoku Cloud Analysis 14.07.2022 (EURUSD, GBPUSD, NZDUSD) :: InvestMacro


Article by RoboForex.com

EURUSD, “Euro vs. US Dollar”

EURUSD is testing the support level. The tool is currently moving below the Ichimoku Cloud, indicating a downward trend. Markets could indicate that the price may test Tenkan-Sen at 1.0055 and then resume moving down to reach 0.9765. 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 upward boundary of the cloud and holds above 1.0265. In this case, the pair may continue rising towards 1.0355.


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 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 Kijun-Sen at 1.1865, then resume moving down to reach 1.1495. 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 upward boundary of the cloud and holds above 1.2145. In this case, the pair may continue to rise towards 1.2235.



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”

NZDUSD continues to bounce off the resistance level. The tool is currently moving below the Ichimoku Cloud, indicating a downward trend. Markets could indicate that the price may test Kijun-Sen at 0.6125 and then resume moving lower to reach 0.5965. 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 0.6260. In this case, the pair may continue to rise towards the level of 0.6350.

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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