EURUSD, “Euro vs US Dollar”
EURUSD has secured under the lower boundary of the bullish channel. The instrument is going below the Ichimoku Cloud, which suggests a bearish trend. A test of the Tenkan-Sen line at 1.0845 is expected, followed by a decline to 1.0725. An additional signal confirming the decline will be a rebound from the lower boundary of the ascending channel. The scenario can be cancelled by a breakout of the upper boundary of the Cloud with the price securing above 1.0915, which will mean further growth to 1.1005.
XAUUSD, “Gold vs US Dollar”
Gold is correcting after a rebound from the resistance level. The instrument is going above the Ichimoku Cloud, which suggests an uptrend. A test of the lower boundary of the Cloud at 2160 is expected, followed by a rise to 2235. 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 2140, which will mean a further decline to 2105. Meanwhile, the growth could be confirmed by a breakout of the upper boundary of the bearish channel with the price establishing itself above 2175.
USDJPY, “US Dollar vs Japanese Yen”
USDJPY is correcting and forming a Triangle pattern. The instrument is going above the Ichimoku Cloud, which suggests an uptrend. A test of the Kijun-Sen line at 150.85 is expected, followed by a rise to 153.85. 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 securing under 147.95, which will mean a further decline to 147.05. Meanwhile, the growth could be confirmed by a breakout of the upper boundary of the Triangle pattern with the price establishing itself above 152.45.
