EURUSD, “Euro vs US Dollar”
EURUSD is pushing off the signal lines of the Cloud. The instrument is going below the Ichimoku Cloud, which suggests a downtrend. A test of the lower border of the Cloud at 1.0685 is expected, followed by falling to 1.0465. An additional signal confirming the decline will be a bounce off the upper border of the descending channel. The scenario can be cancelled by a breakaway of the upper border of the Cloud and securing above 1.0745, which will mean further growth to 1.0835.
GBPUSD, “Great Britain Pound vs US Dollar”
GBPUSD is correcting after a bounce off the support level. The instrument is going below the Ichimoku Cloud, which suggests a downtrend. A test of the upper border of the Cloud at 1.2110 is expected, followed by falling to 1.1885. An additional signal confirming the decline will be a bounce off the upper border of the descending channel. The scenario can be cancelled by a breakaway of the upper border of the Cloud and securing above 1.2155, which will mean further growth to 1.2245. The scenario can be confirmed by a breakaway of the lower border of the bullish channel and securing under 1.2020.
NZDUSD, “New Zealand Dollar vs US Dollar”
NZDUSD is testing the Tenkan-Sen line of the Cloud. The instrument is going below the Ichimoku Cloud, which suggests a downtrend. A test of the Kijun-Sen line at 0.6255 is expected, followed by falling to 0.6085. An additional signal confirming the decline will be a bounce off the upper border of the descending channel. The scenario can be cancelled by a breakaway of the upper border of the Cloud and securing above 0.6305, which will mean further growth to 0.6400.
