Ichimoku Cloud Analysis 16.07.2019 ( AUDUSD, NZDUSD, USDCAD)

July 16, 2019

Article By RoboForex.com

AUDUSD

The instrument is trading at 0.703429 above the Ichimoku Cloud which suggests an ascending trend. Testing of the upper border of the Cloud near 0.7025 is expected, followed by growth to 0.7115. Yet another signal of growth may be a bounce off the support line. The scenario may no longer be valid in case the lower border of the Cloud is broken and trading closed under 0.6990, which may be followed by further decline below 0.6905.

AUDUSD_Анализ индикатора Ишимоку
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

NZDUSD


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The instrument is trading at 0.6733 above the Ichimoku Cloud which suggests an ascending trend. A test of the signal lines near 0.6710 is expected, followed by growth to 0.6815. Yet another signal of growth may be a bounce off the support line. The scenario may no longer be valid in case the lower border of the Cloud is broken and trading closed under 0.6670, which may be followed by further decline to 0.6595.

NZDUSD_Анализ индикатора Ишимоку
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

USDCAD

The instrument is trading at 1.3047 below the Ichimoku Cloud which suggests a descending trend. Testing of the lower border of the Cloud near 1.3065 is expected, followed by decline to 1.2855. Yet another signal of decline may be a bounce off the resistance line. The scenario may no longer be valid in case the upper border of the Cloud is broken and trading closed above 1.3135, which may be followed by further growth to 1.3205.

USDCAD_Анализ индикатора Ишимоку
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

Article By RoboForex.com

Attention!
Forecasts presented in this section only reflect the author’s private opinion and should not be considered as guidance for trading. RoboForex LP bears no responsibility for trading results based on trading recommendations described in these analytical reviews.