XAUUSD, “Gold vs US Dollar”
XAUUSD is trading at 1927.00; the instrument is moving above Ichimoku Cloud, thus indicating an ascending tendency. The markets could indicate that the price may test Tenkan-Sen and Kijun-Sen at 1905.00 and then resume moving upwards to reach 1975.00. 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 1870.00. In this case, the pair may continue falling towards 1835.00.
BTCUSD, “Bitcoin vs US Dollar”
BTCUSD is trading at 11371.00; the instrument is moving above Ichimoku Cloud, thus indicating an ascending tendency. The markets could indicate that the price may test Tenkan-Sen and Kijun-Sen at 11045.00 and then resume moving upwards to reach 11975.00. 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 10425.00. In this case, the pair may continue falling towards 9865.00. To confirm further growth, the asset must break the rising channel’s upside border and fix above 11705.00.
NZDCAD, “New Zealand Dollar vs Canadian Dollar”
NZDCAD is trading at 0.8744; the instrument is moving below Ichimoku Cloud, thus indicating a descending tendency. The markets could indicate that the price may test the cloud’s downside border at 0.8765 and then resume moving downwards to reach 0.8615. Another signal in favor of further downtrend will be a rebound from the descending channel’s upside border. However, the bearish scenario may no longer be valid if the price breaks the cloud’s upside border and fixes above 0.8850. In this case, the pair may continue growing towards 0.8840. To confirm further decline, the asset must break the rising channel’s downside border and fix below 0.8685.
