BTCUSD, “Bitcoin vs US Dollar”
BTCUSD is trading at 9494.00; the instrument is moving above Ichimoku Cloud, thus indicating an ascending tendency. The markets could indicate that the price may test the cloud’s upside border at 9285.00 and then resume moving upwards to reach 9965.00. Another signal in favor of further uptrend will be a rebound from the rising channel’s downside border. However, the bullish scenario may no longer be valid if the price breaks the cloud’s downside border and fixes below 8855.00. In this case, the pair may continue falling towards 8305.00.
XAUUSD, “Gold vs US Dollar”
XAUUSD is trading at 1721.00; the instrument is moving above Ichimoku Cloud, thus indicating an ascending tendency. The markets could indicate that the price may test the cloud’s downside border at 1710.00 and then resume moving upwards to reach 1755.00. Another signal in favor of further uptrend will be a rebound from the support level. However, the bullish scenario may no longer be valid if the price breaks the cloud’s downside border and fixes below 1704.00. In this case, the pair may continue falling towards 1685.00. To confirm further growth, the asset must break the descending channel’s upside border and fix above 1730.00, thus completing an Inverted Head & Shoulders pattern.
NZDUSD, “New Zealand Dollar vs US Dollar”
NZDUSD is trading at 0.6235; the instrument is moving above Ichimoku Cloud, thus indicating an ascending tendency. The markets could indicate that the price may test the cloud’s downside border at 0.6185 and then resume moving upwards to reach 0.6345. Another signal in favor of further uptrend will be a rebound from the rising channel’s downside border. However, the bullish scenario may be canceled if the price breaks the cloud’s downside border and fixes below 0.6135. In this case, the pair may continue falling towards 0.6045. To confirm further growth, the asset must break the upside border of the Triangle pattern and fix above 0.6250.
