GBPUSD, “Great Britain Pound vs US Dollar”
GBPUSD has found a foothold above the Kijun-Sen line. The instrument is going inside the Ichimoku Cloud, which suggests a flat. A test of the lower boundary of the Cloud at 1.2255 is expected, followed by a rise to 1.2425. A signal confirming the rise will 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 1.2205, which will mean a further decline to 1.2110. Meanwhile, the growth could be confirmed by a breakout of the upper boundary of the bearish channel with the price finding a foothold above 1.2315.
NZDUSD, “New Zealand Dollar vs US Dollar”
NZDUSD is pushing off the signal lines of the indicator. The instrument is going below the Ichimoku Cloud, which suggests a downtrend. A test of the lower boundary of the Cloud at 0.5895 is expected, followed by a decline to 0.5755. An additional signal confirming the decline will be a rebound from the lower boundary of the bullish channel. The scenario can be cancelled by a breakout of the upper boundary of the Cloud with the price finding a foothold above 0.5965, which will mean further growth to 0.6055.
USDCAD, “US Dollar vs Canadian Dollar”
USDCAD is correcting within a Triangle pattern. The instrument is going above the Ichimoku Cloud, which suggests an uptrend. A test of the Tenkan-Sen line at 1.3780 is expected, followed by a rise to 1.3925. An additional signal confirming the rise will be a rebound from the lower boundary of the Triangle pattern. The scenario can be cancelled by a breakout of the lower boundary of the Cloud with the price finding a foothold under 1.3720, which will mean a further decline to 1.3630. Meanwhile, the growth could be confirmed by a breakout of the upper boundary of the Triangle pattern with the price finding a foothold above 1.3855.
