USDCAD, “US Dollar vs Canadian Dollar”
USDCAD is trading at 1.3084 above the Ichimoku Cloud, suggesting an uptrend. A test of the upper border of the Cloud near 1.3045 is expected, followed by growth to 1.3160. An additional signal confirming the growth will be a bounce off the support level. The growth will be canceled in the case of a breakaway of the lower border of the Cloud and closing under 1.3175, which will mean further declining to 1.3105. The growth might be confirmed by a breakaway of the Neck line of the Head and Shoulders reversal pattern and securing above 1.3105.
BRENT
BRENT is trading at 44.37 under the Ichimoku Cloud, suggesting a downtrend. A test of the signal lines of the indicator at 44.95 is expected, followed by falling to 43.20. An additional signal confirming the decline will be a bounce off the upper border of the descending channel. The falling will be canceled in the case of a breakaway of the upper border of the Cloud and securing above 46.05, which will mean further growth to 47.15.
USDCHF, “US Dollar vs Swiss Franc”
USDCHF is trading at 0.9132 above the Ichimoku Cloud, suggesting an uptrend. A test of the upper border of the Cloud near 0.9105 is expected, followed by growth to 0.9250. An additional signal confirming the growth will be a bounce off the upper border of the Wedge reversal pattern. The growth will be canceled in the case of a breakaway of the lower border of the Cloud and securing under 0.9010, which will mean further declining to 0.8915.
