GBPUSD, “Great Britain Pound vs US Dollar”
GBPUSD has rebounded from the upper boundary of the Cloud. The instrument is going inside the Ichimoku Cloud, which suggests a flat. A test of the upper boundary of the Cloud at 1.2255 is expected, followed by a decline to 1.1995. A signal confirming the decline will 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 securing above 1.2265, which will mean further growth to 1.2355. Meanwhile, the decline could be confirmed by a breakout of the lower boundary of the bullish channel with the price securing under 1.2090.
XAUUSD, “Gold vs US Dollar”
Gold is correcting within a Triangle pattern. The instrument is going above the Ichimoku Cloud, which suggests an uptrend. A test of the Kijun-Sen line at 1905 is expected, followed by a rise to 1980. An additional 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 securing under 1835, which will mean a further decline to 1805. Meanwhile, the growth could be confirmed by a breakout of the upper boundary of the Triangle pattern with the price securing above 1925.
AUDUSD, “Australian Dollar vs US Dollar”
AUDUSD is rising after a rebound from the support level of 0.6290. The instrument is going below the Ichimoku Cloud, which suggests a bearish trend. A test of the lower boundary of the Cloud at 0.6375 is expected, followed by a decline to 0.6235. An additional signal confirming the decline will 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 securing above 0.6410, which will mean further growth to 0.6505.
