IShimoku index analysis for EURUSD, USDRUB, USDJPY at 10.12.2020

IShimoku index analysis for EURUSD, USDRUB, USDJPY at 10.12.2020

10.12.2020

EURUSD EURUSD

EURUSD on the currency exchange 1.2092. The pair trades under Ishimoku Cloud, suggesting a downward trend. The benchmark signal line test is expected to be at 1.2100, followed by a drop to 1.2015. An additional signal in favour of the reduction in quotations will be the rebound from the upper end of the relegation channel. Abandoning the option with falling prices will split the upper end of the indicator cloud with its consolidation above 1.2145, which means a continuation of the increase to 1.2235.

IShimoku index analysis for EURUSD, USDRUB, USDJPY at 10.12.2020

USDRUB

USDRUB currency pair is trading at 73.49. The pair trades under Ishimoku Cloud, suggesting a downward trend. The lower bound test of cloud indicators is expected at 74.85, followed by a drop to 71.35. An additional signal in favour of the reduction in quotations will be the rebound from the upper end of the relegation channel. Abandoning the option with falling prices will split the upper end of the indicator cloud with its consolidation above 75.25, which means a continuation of growth of 76.45.

IShimoku index analysis for EURUSD, USDRUB, USDJPY at 10.12.2020

USDJPY

USDJPY currency pair is trading at 104.43. The pair trades above Ishimoku Cloud, suggesting an upward trend. The indicator signal line test is expected at 104.30, and then – an increase to 105.15. An additional signal in favour of the increase in quotations will be a rebound from the level of support. Abandoning the option with price increases will split the lower end of the indicator cloud with its consolidation below 103.90, which means a continuation of the decline to 102.95.

IShimoku index analysis for EURUSD, USDRUB, USDJPY at 10.12.2020Ind.) 101,000 Financial Market Forecasts are private opinions of the authors. The current analysis is not a guide to trade. RoboForex is not responsible for the results of the work that may occur when using the trading recommendations of the presented reviews.