Ichimoku Cloud Analysis 19.07.2022 (GBPUSD, BRENT, USDJPY) :: InvestMacro


Article by RoboForex.com

GBPUSD, “Great British Pound to US Dollar”

GBPUSD is testing the ascending boundary of the descending channel. The gadget is currently moving inside the Ichimoku Cloud, indicating a sideways trend. Markets could indicate that the price may test the lower boundary of the cloud at 1.1905 and then resume moving upwards to reach 1.2240. Another signal in favor of more upside will be the bounce from the ascending boundary of the descending channel. However, the bullish scenario may not be valid if the price breaks through the lower boundary of the cloud and holds below 1.1805. In this case, the pair may continue falling towards 1.1705.


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

print

Brent crude is no longer trading in a wedge reversal pattern. The gadget is currently moving inside the Ichimoku Cloud, indicating a sideways trend. Markets may indicate that the price may test the lower boundary of the cloud at 103.75 and then resume moving upwards to reach 119.25. 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 99.05. In this case, the pair may continue falling towards 94.05. To confirm more upside move, the price should break the ascending boundary of the descending channel and hold above 110.05.

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

USDJPY, “US Dollar vs Japanese Yen”

USDJPY is correcting inside the ascending channel. The instrument is currently moving above the Ichimoku Cloud, indicating an upward trend. Markets could suggest that the price may test the cloud’s upside boundary at 136.65 and then resume moving upwards to reach 141.25. 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 135.35. In this case, the pair may continue falling towards 133.45.

US dollar / Japanese yen

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.


Investmacro products link

  • Japanese Candlestick Analysis 19.07.2022 (XAUUSD, NZDUSD, GBPUSD) July 19, 2022
  • Ichimoku Cloud Analysis 19.07.2022 (GBPUSD, BRENT, USDJPY) July 19, 2022
  • Trust returns to Bitcoin as a true high-quality asset July 19, 2022
  • Analytical Overview of Major Currency Pairs for 19.07.2022 July 19, 2022
  • The Reserve Bank of Australia will continue to raise interest rates. US reporting season has been disappointing July 19, 2022
  • Markets shake before ECB meeting July 19, 2022
  • Cryptography: Welcome to “Lunatic Fringe” July 19, 2022
  • Anesthetic-assisted therapies: Healthcare company has ‘substance abuse potential’ July 18 2022
  • Kenya’s Election Promises: An Economic Perspective July 18 2022
  • Healthcare company wants share of $17.5 billion addiction treatment industry July 18 2022



Source link

Add a Comment

Your email address will not be published.