EURUSD, “Euro vs US Dollar”
EURUSD is rebounding from the lower boundary of the descending channel. The instrument is going below the Ichimoku Cloud, which suggests a bearish trend. A test of the lower boundary of the Cloud at 1.0825 is expected, followed by a decline to 1.0625. An additional signal confirming the decline might 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 finding a foothold above 1.0920, which will mean further growth to 1.1015.
USDJPY, “US Dollar vs Japanese Yen”
USDJPY has found a foothold above the upper boundary of the descending correction channel. The instrument is going above the Ichimoku Cloud, which suggests an uptrend. A test of the upper boundary of the Cloud at 147.65 is expected, followed by a rise to 152.45. An additional signal confirming the rise might be a rebound from the upper boundary of the descending channel. The scenario can be cancelled by a breakout of the lower boundary of the Cloud with the price finding a foothold under 146.25, which will mean a further decline to 145.35.
XAUUSD, “Gold vs US Dollar”
Gold is testing the support area. The instrument is going above the Ichimoku Cloud, which suggests an uptrend. A test of the upper boundary of the Cloud at 2025 is expected, followed by a rise to 2080. An additional signal confirming the rise might 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 finding a foothold under 2005, which will mean a further decline to 1965.
