Ichimoku Cloud Analysis 04.10.2023 (GBPUSD, USDCHF, BRENT)

<p><strong>By <a href="https://roboforex.com/" target="_blank" rel="noopener"><u>RoboForex.com</u></a></strong></p>
<p><strong>GBPUSD, “Great Britain Pound vs US Dollar”</strong></p>
<p>GBPUSD is correcting within a Triangle pattern. The instrument is going below the Ichimoku Cloud, which suggests a downtrend. A test of the Kijun-Sen line at 1.2080 is expected, followed by a decline to 1.1965. An additional signal confirming the decline will be a rebound from the upper boundary of the descending channel. The scenario can be cancelled by a breakout of the upper boundary of the Cloud with the price securing above 1.2175, which will mean further growth to 1.2265. Meanwhile, the decline could be confirmed by a breakout of the lower boundary of the Triangle pattern with the price securing under 1.2040.</p>
<p><img decoding="async" src="http://roboforex.com/uploads/roboforecast/roboforex_com/99/2023/Ichimoku/october/04/gbpusd.png" alt="GBPUSD" /><br />
<img decoding="async" src="http://roboforex.com/bundles/roboforecast/images/risk-warning/en.png" alt="Risk Warning: the result of previous trading operations do not guarantee the same results in the future " /></p>
<p><strong>USDCHF, “US Dollar vs Swiss Franc”</strong></p>
<p>USDCHF is testing the resistance level. The instrument is going above the Ichimoku Cloud, which suggests an uptrend. A test of the upper boundary of the bullish channel at 0.9195 is expected, followed by a rise to 0.9285. 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 securing under 0.9125, which will mean a further decline to 0.9035.</p>
<p><img decoding="async" src="http://roboforex.com/uploads/roboforecast/roboforex_com/99/2023/Ichimoku/october/04/usdchf.png" alt="USDCHF" /><br />
<img decoding="async" src="http://roboforex.com/bundles/roboforecast/images/risk-warning/en.png" alt="Risk Warning: the result of previous trading operations do not guarantee the same results in the future " /></p>
<p><strong>BRENT</strong></p>
<p>Brent is declining within a bearish channel. The instrument is going below the Ichimoku Cloud, which suggests a downtrend. A test of the lower boundary of the Cloud at 90.95 is expected, followed by a decline to 87.95. An additional signal confirming the decline will be a rebound from the upper boundary of the bearish channel. The scenario can be cancelled by a breakout of the upper boundary of the Cloud with the price securing above 92.25, which will mean further growth to 94.65. Meanwhile, the decline could be confirmed by a breakout of the lower boundary of the bullish channel with the price securing under 89.65.</p>
<p><img decoding="async" src="http://roboforex.com/uploads/roboforecast/roboforex_com/99/2023/Ichimoku/october/04/brent.png" alt="BRENT" /></p>
<p><strong>Article By <a href="https://roboforex.com/" target="_blank" rel="noopener"><u>RoboForex.com</u></a></strong></p>
<p><strong>Attention!</strong><br />
Forecasts presented in this section only reflect the author s private opinion and should not be considered as guidance for trading. RoboForex LP bears no responsibility for trading results based on trading recommendations described in these analytical reviews.</p>