Ichimoku Cloud Analysis 04.08.2022 (GBPUSD, USDCHF, USDJPY)

GBPUSD, “Great Britain Pound vs US Dollar”

GBPUSD is correcting inside the bullish channel. The instrument is currently moving above Ichimoku Cloud, thus indicating an ascending tendency. The markets could indicate that the price may test the cloud’s upside border at 1.2130 and then resume moving upwards to reach 1.2435. Another signal in favour of a further uptrend will be a rebound from the rising channel’s downside border. However, the bullish scenario may no longer be valid if the price breaks the cloud’s downside border and fixes below 1.2020. In this case, the pair may continue falling towards 1.1925.

GBPUSD

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

USDCHF, “US Dollar vs Swiss Franc”

USDCHF is no longer moving within the bullish channel. The instrument is currently moving inside Ichimoku Cloud, thus indicating a sideways tendency. The markets could indicate that the price may test the cloud’s downside border at 0.9585 and then resume moving upwards to reach 0.9795. 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 0.9485. In this case, the pair may continue falling towards 0.9390. To confirm a further uptrend, the price must break the cloud’s upside and fix above 0.9657.

USDCHF

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

USDJPY, “US Dollar vs Japanese Yen”

USDJPY is rebounding from Tenkan-Sen and Kijun-Sen. The instrument is currently moving above Ichimoku Cloud, thus indicating an ascending tendency. The markets could indicate that the price may test the cloud’s upside border at 133.10 and then resume moving upwards to reach 137.60. Another signal in favour of a further uptrend will be a rebound from the rising channel’s downside border. However, the bullish scenario may no longer be valid if the price breaks the cloud’s downside border and fixes below 131.95. In this case, the pair may continue falling towards 130.90.

USDJPY

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

Trade the News!

Seize the market opportunities!
Start trading with a reliable broker.
Let an expert help you get started!

Source: RoboForex


Comments

Leave a Reply

Your email address will not be published. Required fields are marked *