EURUSD, “Euro vs US Dollar”
EURUSD is trading at 1.1939; the instrument is moving above Ichimoku Cloud, thus indicating an ascending tendency. The markets could indicate that the price may test the cloud’s downside border at 1.1890 and then resume moving upwards to reach 1.2065. Another signal in favor of further uptrend will be a rebound from the rising channel’s downside border. However, the bullish scenario may be canceled if the price breaks the cloud’s downside border and fixes below 1.1810. In this case, the pair may continue falling towards 1.1725.
USDJPY, “US Dollar vs Japanese Yen”
USDJPY is trading at 105.55; 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 105.75 and then resume moving downwards to reach 104.35. Another signal in favor of further downtrend will be a rebound from the resistance level. However, the bearish scenario may no longer be valid if the price breaks the cloud’s upside border and fixes above 106.25. In this case, the pair may continue growing towards 107.35. To confirm further decline, the asset must break the rising channel’s downside border and fix below 104.95.
NZDUSD, “New Zealand Dollar vs US Dollar”
NZDUSD is trading at 0.6616; the instrument is moving above Ichimoku Cloud, thus indicating an ascending tendency. The markets could indicate that the price may test the cloud’s upside border at 0.6595 and then resume moving upwards to reach 0.6710. Another signal in favor of further uptrend will be a rebound from the support level. However, the bullish scenario may be canceled if the price breaks the cloud’s downside border and fixes below 0.6555. In this case, the pair may continue falling towards 0.6475. To confirm further growth, the asset must break the descending channel’s upside border and fix above 0.6645.
