Home Market Ichimoku Cloud Analysis 10.01.2023 (GBPUSD. GOLD. USDCHF.

Ichimoku Cloud Analysis 10.01.2023 (GBPUSD. GOLD. USDCHF.

16
0


By RoboForex.com

GBPUSD, “Great Britain Pound vs US Dollar”

The currency pair has moved beyond the boundaries of the descending channel. The instrument is rising above the Ichimoku Cloud which indicates an upward trend. It is expected that the Cloud will test the upper boundary at 1.2010. Then, growth to 1.2425 will follow. The bounce from the upper border will confirm that the channel is growing. A breakaway at the Cloud’s lower boundary can cancel the situation and secure below 1.1905, which could lead to further falls to 1.1810.


Risk Warning: the result of previous trading operations do not guarantee the same results in the future

XAUUSD, “Gold vs US Dollar”

The Tenkan-Sen line is being pushed by the instrument. The Ichimoku Cloud is showing gold above it, suggesting an uptrend. It is possible to test the upper border at 1840. Then, growth will be seen up until 1945. A bounce from the bullish channel’s lower border will confirm the growth. This scenario can be canceled by a breakaway from the Cloud’s lower border and securing below 1810. If this happens, further falls to 1765 will occur.

XAUUSD
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

USDCHF, “US Dollar vs Swiss Franc”

The support level is below the currency pair. The Ichimoku Cloud is below the instrument, which indicates a downtrend. Test of the…



Continue reading…

Previous articleFollowing the failure of SPAC acquisition, Saxo Bank looks at Copenhagen IPO
Next articleHFM’s Outlook 2023: US Stock Market and US500