LuciFer Alexp1 Trading Journal

[Lucifer Alexp1]

Ichimoku indicator analysis for EURUSD, AUDCAD, USDCAD on 04/07/2021

EURUSD

The EURUSD currency pair is trading at the level of 1.1870. The pair is trading above the Ichimoku Cloud, which suggests an uptrend. A test of the upper boundary of the indicator Cloud is expected at the level of 1.1825, then - growth to 1.1995. An additional signal in favor of raising quotes will be a rebound from the lower border of the ascending channel. Cancellation of the option with the price growth will be a breakdown of the lower boundary of the indicator Cloud with its fixation below the level of 1.1725, which will indicate a continuation of the fall to 1.1635. A confirmation of the rise in quotes will be a breakdown of the upper border of the bearish channel with their consolidation above the level of 1.1905.

AUDCAD

The AUDCAD currency pair is trading at 0.9635. The pair is trading above the Ichimoku Cloud, which suggests an uptrend. A test of the upper boundary of the indicator Cloud at 0.9605 is expected, followed by a rise to 0.9755. An additional signal in favor of raising quotes will be a rebound from the upper border of the descending channel, which buyers have confidently broken up. Cancellation of the option when the price rises will be a breakdown of the lower boundary of the indicator Cloud with its consolidation below the level of 0.9515, which will indicate a continuation of the fall to 0.9425.

USDCAD

The USDCAD currency pair is trading at 1.2606. The pair is trading above the Ichimoku Cloud, which suggests an uptrend. A test of the upper boundary of the indicator Cloud at the level of 1.2555 is expected, followed by an increase to 1.2835. An additional signal in favor of raising quotes will be a rebound from the support level. Cancellation of the option with the price growth will be the breakdown of the lower boundary of the indicator Cloud with its fixation below the level of 1.2455, which will indicate a continuation of the fall to 1.2365. The price rise will be confirmed by the breakdown of the upper border of the descending channel with its consolidation above the level of 1.2645.