Abstract:EURUSD has pushed off the signal lines of the indicator. The instrument is going below the Ichimoku Cloud, which suggests a downtrend. A test of the upper border of the Cloud at 1.0715 is expected, followed by a decline to 1.0465. An additional signal confirming the decline will be a rebound from the upper border of the descending channel.
Let's see the Ichimoku Cloud Analysis for the following pairs.
EURUSD, “Euro vs US Dollar”
EURUSD has pushed off the signal lines of the indicator. The instrument is going below the Ichimoku Cloud, which suggests a downtrend. A test of the upper border of the Cloud at 1.0715 is expected, followed by a decline to 1.0465. An additional signal confirming the decline will be a rebound from the upper border of the descending channel. The scenario can be cancelled by a breakout of the upper border of the Cloud, securing above 1.0775, which will mean further growth to 1.0875.
USDJPY, “US Dollar vs Japanese Yen”
USDJPY has secured above the upper border of the descending channel. The instrument is going above the Ichimoku Cloud, which suggests an uptrend. A test of the upper border of the Cloud at 139.65 is expected, followed by a rise to 143.55. An additional signal confirming the rise will be a rebound from the upper border of the bearish channel. The scenario can be cancelled by a breakout of the lower border of the Cloud, securing under 138.55, which will mean a further decline to 137.65.
NZDUSD, “New Zealand Dollar vs US Dollar”
NZDUSD is correcting inside a bullish channel. The instrument is going below the Ichimoku Cloud, which suggests a downtrend. A test of the lower border of the Cloud at 0.6065 is expected, followed by a decline to 0.5865. An additional signal confirming the decline will be a rebound from the upper border of the descending channel. The scenario can be cancelled by a breakout of the upper border of the Cloud, securing above 0.6175, which will mean further growth to 0.6265. Meanwhile, the decline could be confirmed by a breakout of the lower border of the bullish channel, securing under 0.6035.
Disclaimer:
The views in this article only represent the author's personal views, and do not constitute investment advice on this platform. This platform does not guarantee the accuracy, completeness and timeliness of the information in the article, and will not be liable for any loss caused by the use of or reliance on the information in the article.
On Saturday, Iran retaliated against a suspected Israeli attack on its Syrian consulate by launching missiles and explosive drones at Israel, marking its initial direct assault on Israeli soil. This incident prompted a surge in gold prices on Monday as investors sought safe havens amid rising concerns about a broader regional conflict, leaving traders apprehensive about the future.
In this article, we will look in-depth at ZFX, examining its key features.
The article suggests positive prospects for Malaysia's Ringgit (MYR) based on projections by BMI, indicating potential strengthening trends in the latter half of 2024 and early 2025. Factors such as anticipated policy relaxation, stability in yield differentials, and favourable external conditions contribute to this outlook. However, whether this constitutes "good news" for the MYR ultimately depends on various factors, including economic performance, policy decisions, and external developments, which may impact currency movements.
Forex trading offers lucrative opportunities for investors, but it's crucial to prioritize security and regulatory compliance when selecting a bank account for trading purposes. In the UK and Europe, stringent regulatory standards are in place to safeguard investors' interests and maintain the integrity of financial markets. In this article, we delve into the regulatory aspects of forex bank accounts and explore how traders can ensure security and compliance in their trading activities.