Ichimoku Cloud Analysis 29.12.2023 (EURUSD, XAUUSD, NZDUSD) :: InvestMacro

By RoboForex.com

EURUSD, “Euro vs US Dollar”

EURUSD is testing the signal lines of the indicator. The instrument is going above the Ichimoku Cloud, which suggests an uptrend. A test of the Kijun-Sen line at 1.1040 is expected, followed by a rise to 1.1235. An additional signal confirming the rise will be a rebound from the lower boundary of the bullish channel. The scenario can be cancelled by a breakout of the lower boundary of the Cloud with the price finding a foothold under 1.0845, which will mean a further decline to 1.0755.

XAUUSD, “Gold vs US Dollar”

Gold is rising after a bearish correction. The instrument is going above the Ichimoku Cloud, which suggests an uptrend. A test of the Kijun-Sen line at 2060 is expected, followed by a rise to 2130. An additional signal confirming the rise will be a rebound from the lower boundary of the bullish channel. The scenario can be cancelled by a breakout of the lower boundary of the Cloud with the price finding a foothold under 2015, which will mean a further decline to 1975.

NZDUSD, “New Zealand Dollar vs US Dollar”

NZDUSD is moving within a bullish channel. The instrument is going above the Ichimoku Cloud, which suggests an uptrend. A test of the Kijun-Sen line at 0.6315 is expected, followed by a rise to 0.6460. An additional signal confirming the rise will be a rebound from the lower boundary of the bullish channel. The scenario can be cancelled by a breakout of the lower boundary of the Cloud with the price finding a foothold under 0.6165, which will mean a further decline to 0.6155.

Article By RoboForex.com

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