The USDCAD pair is currently in a downtrend, indicating that the Canadian dollar (CAD) is strengthening against the US dollar (USD). Traders and investors are witnessing a series of lower lows and lower highs on the price chart, suggesting a prevailing bearish sentiment. DXY (US Dollar Index) Analysis: DXY is a measure of the value of the US dollar against a...
Us 100 has been on upside move until price traded into my Bbands which simply means that there's a possibility that price may break through the cloud
After breakout of the ichimoku cloud price is trading back to the cloud where the cloud usually at as support
i will be monitoring AUdCAD for down side move as price is just coming down from cloud resistance
GBPJPY Might be good to look out for a possible downtrend telling from the short term cloud which is the default ichimoku setting it look like price is about changing it direction
I trade with ichimoku cloud and telling from the cloud AudCad still have the potential to go up
From my cloud mom look like buyers still have the strength to push higher
AudCad still on uptrend hoping for pull back to 0.90000
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The Trend is still up looking at the chart tells me that buyers are waiting to buy around level 83.000
with help of the cloud possible buy move might happen
weak momentum to strong momentum looks like the bulls have the power
cloud analysis. the cloud look bullish but not that strong so am expecting a break through of the cloud all the way down to over sold level