- Aug 6, 2019
Ichimoku Cloud Analysis 28.10.2020 (BRENT, USDJPY, USDCAD)
Brent is trading at 40.96; the instrument is moving below Ichimoku Cloud, thus indicating a descending tendency. The markets could indicate that the price may test the cloud’s downside border at 41.05 and then resume moving downwards to reach 39.65. Another signal in favor of further downtrend will be a rebound from the descending channel’s upside border. However, the bearish scenario may no longer be valid if the price breaks the cloud’s upside border and fixes above 42.25. In this case, the pair may continue growing towards 43.65.
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