Ichimoku Cloud Analysis 07.04.2021 (EURUSD, AUDCAD, USDCAD)

April 7, 2021

Article By RoboForex.com

EURUSD, “Euro vs US Dollar”

The pair is trading above the Ichimoku Cloud, suggesting an uptrend. A test of the upper border of the Cloud at 1.1825 is expected, followed by growth to 1.1995. The growth will be additionally supported by a bounce off the lower border of the ascending channel. The scenario will no longer be valid if the lower border of the Cloud is broken and the quotations close under 1.1725, which will mean further falling to 1.1635. The growth will be confirmed by a breakaway of the upper border of the bearish channel and securing above 1.1905.

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

AUDCAD, “Australian Dollar vs Canadian Dollar”


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The currency pair is trading at 0.9635 above the Ichimoku Cloud, suggesting an uptrend. A test of the upper border of the Cloud at 0.9605 is expected, followed by growth to 0.9755. The growth will additionally be confirmed by a bounce off the upper border of the descending channel that the buyers have broken away upwards confidently. The scenario can be canceled by a breakaway of the lower border of the Cloud and securing under 0.9515, which will entail further falling to 0.9425.

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

USDCAD, “US Dollar vs Canadian Dollar”

The currency pair is trading above the Ichimoku Cloud, suggesting an uptrend. A test of the upper border of the Cloud at 1.2555 is expected, followed by growth to 1.2835. The growth will be supported by a bounce off the support level. The scenario will be canceled by a breakaway of the lower border of the Cloud and securing under 1.2455, which will mean further falling to 1.2365. The growth will be confirmed by a breakaway of the upper border of the descending channel and securinh above 1.2645.

USDCAD
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.