Ichimoku cloud analysis: EUR/USD, NZD/USD, EUR/GBP

Share on facebook
Share on twitter
Share on whatsapp

EUR/USD, “Euro vs US Dollar”

The cash pair has gotten over the Tenkan-Sen line and is moving under the Ichimoku Cloud, proposing a downtrend. A trial of the sign lines of the marker at 1.0515 is normal, trailed by tumbling to 1.0275. An extra sign affirming the decay could turn into a bob off the upper line of the dropping channel. The situation can be dropped by a breakaway of the upper line of the Cloud and getting above 1.0675, which will mean further development to 1.0765.

NZD/USD, “New Zealand Dollar vs US Dollar”

The pair is bobbing off the help region and moving under the Ichimoku Cloud, recommending a downtrend. A trial of the sign line of the marker at 0.6270 is normal, trailed by tumbling to 0.6085. The decay can be moreover affirmed by a bob off the upper line of the slipping channel. The situation can be dropped by a breakaway of the upper line of the Cloud and getting above 0.6479, which will involve further development to 0.6565.

EUR/GBP, “Euro vs Great Britain Pound”

The pair has left the bullish channel and is moving over the Ichimoku Cloud, recommending an upswing. A trial of the Tenkan-Sen line at 0.8665 is normal, trailed by development to 0.8850. An extra sign affirming the development will be a skip off the upper line of the bullish channel. The situation can be dropped by a breakaway of the lower line of the Cloud and getting under 0.8495, which will involve further tumbling to 0.8405.

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.

COMMENTS

Leave a Reply