Ichimoku Cloud Analysis 07.04.2022 (EURUSD, NZDUSD, USDCHF)

EURUSD, “Euro vs US Dollar”

EURUSD is rebounding from the broken resistance area at 1.0920; the instrument is moving below Ichimoku Cloud, thus indicating a descending tendency. The markets could indicate that the price may test Tenkan-Sen and Kijun-Sen at 1.0965 and then resume moving downwards to reach 1.0735. Another signal in favour of a further downtrend will be a rebound from the descending channel’s upside border. However, the bearish scenario may no longer be valid if the price breaks the cloud’s upside border and fixes above 1.1115. In this case, the pair may continue growing towards 1.1205.



NZDUSD, “New Zealand Dollar vs US Dollar”

NZDUSD is testing the support level at 0.6902; the instrument is moving below Ichimoku Cloud, thus indicating a descending tendency. The markets could indicate that the price may test the cloud’s upside border at 0.6940 and then resume moving downwards to reach 0.6760. Another signal in favour of a further downtrend will be a rebound from the rising channel’s downside border. However, the bearish scenario may no longer be valid if the price breaks the cloud’s upside border and fixes above 0.6995. In this case, the pair may continue growing towards 0.7095.



USDCHF, “US Dollar vs Swiss Franc”

USDCHF is testing the descending channel’s broken border at 0.9324; the instrument is moving above Ichimoku Cloud, thus indicating an ascending tendency. The markets could indicate that the price may test Tenkan-Sen and Kijun-Sen at 0.9295 and then resume moving upwards to reach 0.9435. Another signal in favour of a further uptrend will be a rebound from the descending channel’s upside border. However, the bullish scenario may no longer be valid if the price breaks the cloud’s downside border and fixes below 0.9230. In this case, the pair may continue falling towards 0.9140.



Source: Roboforex

Related Posts