Ichimoku cloud analysis: AUD/USD, XAG/USD, GBP/USD

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AUD/USD, “Australian Dollar vs US Dollar”

The cash pair is proceeding respectable falling under the Ichimoku Cloud, proposing a downtrend. A trial of the Tenkan-Sen of the pointer at 0.7005 is normal, trailed by tumbling to 0.6765. An extra sign affirming the downfall could turn into a skip off the upper boundary of the negative channel. The situation can be dropped by a breakaway of the upper line of the Cloud and getting above 0.7215, which will mean further development to 0.7315.

XAG/USD, “Silver vs US Dollar”

Silver has gotten under the lower boundary of the negative channel and the Ichimoku Cloud, proposing a downtrend. A trial of the Kijun-Sen line of the marker at 21.60 is normal, trailed by tumbling to 20.40. The decay can be moreover affirmed by a skip off the lower boundary of the bullish channel. The situation can be dropped by a breakaway of the upper line of the Cloud and getting above 22.25, which will involve further development to 23.15.

GBP/USD, “Great Britain Pound vs US Dollar”

The pair is trying the Tenkan-Sen line under the Ichimoku Cloud, recommending a downtrend. A trial of the sign lines of the marker at 1.2265 is normal, trailed by tumbling to 1.1855. An extra sign affirming the decay will be a skip off the lower boundary of the bullish channel. The situation can be dropped by a breakaway of the upper line of the Cloud and getting above 1.2605, which will involve further development to 1.2705.

About the author

Nafees Saifi // entrepreneur, author, trainer, and stocks and FX trader. 
Nafees Saifi is a professional FX trader from, India. Nafees has extensive experience trading commodities, bonds, and equity futures in the Asian, European, and US markets. Nafees holds a Bachelor of Finance and Economics degree and is focused heavily on Investment Finance and Quantitative Analysis.

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