Ichimoku Cloud Analysis 16.10.2017 (AUD/USD, NZD/USD, USD/CAD)

16.10.2017

AUD USD, “Australian Dollar vs US Dollar”

The AUD/USD pair is trading at 0.7874; the instrument is still moving above Ichimoku Cloud, which means that it may continue growing. We should expect the price to test Tenkan-Sen and Kijun-Sen at 0.7825 and continue moving upwards to reach 0.7985. However, the scenario that implies further growth may be cancelled if the price breaks the downside border of the cloud and fixes below 0.7755. In this case, the pair may continue falling towards 0.7640.

 

NZD USD, “New Zealand Dollar vs US Dollar”

The NZD/USD pair is trading at 0.7175; the instrument is still moving above Ichimoku Cloud, which means that it may continue growing. We should expect the price to test the upside border of the cloud at 0.7150 and then continue moving upwards to reach 0.7290. However, the scenario that implies further growth may be cancelled if the price breaks the downside border of the cloud and fixes below 0.7075. In this case, the pair may continue falling towards 0.6970.

 

USD CAD, “US Dollar vs Canadian Dollar”

The USD/CAD pair is trading at 1.2482; the instrument is still moving inside Ichimoku Cloud, which means that it is moving sideways. We should expect the price to test the upside border of the cloud at 1.2490 and then continue moving downwards to reach 1.2350. However, the scenario that implies further decline may be cancelled if the price breaks the upside border of the cloud and fixes above 1.2500. In this case, the pair may continue growing towards 1.2630.

 

RoboForex Analytical Department

 

Attention!

Forecasts presented in this section only reflect the author’s private opinion and should not be considered as guidance for trading. RoboForex bears no responsibility for trading results based on trading recommendations described in these analytical reviews.