fxstreet.com 12 Feb, 2021 13:45 am

Ichimoku cloud analysis

LTC/USD is trading at 180.68; the instrument is moving above Ichimoku Cloud, thus indicating an ascending tendency. The markets could indicate that th

Before you enter foreign exchange and stock markets, you have to remember that trading currencies and other investment products is trading in nature and always involves a considerable risk.Therefore, our clients have to assure RoboForex that they understand all the possible consequences of such risks, they know all the specifics, rules and regulations governing the use of investment products, including corporate events, resulting in the change of underlying assets.Client understands that there are special risks and features that affect prices, exchange rates and investment products.The markets could indicate that the price may test the cloud’s upside border at 58.

Another signal in favor of a further downtrend will be a rebound from the descending channel’s upside border.However, the bearish scenario may be canceled if the price breaks the cloud’s upside border and fixes above 75.

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