GBPUSD, “Great Britain Pound vs US Dollar”
GBPUSD is rebounding from the Tenkan-Sen line. The instrument is going above the Ichimoku Cloud, which suggests an uptrend. A test of the Kijun-Sen line at 1.2635 is expected, followed by a rise to 1.2780. An additional signal confirming the rise might 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 1.2570, which will mean a further decline to 1.2480. Meanwhile, the growth could be confirmed by a breakout of the upper boundary of the descending channel with the price finding a foothold above 1.2705.
XAUUSD, “Gold vs US Dollar”
Gold is testing the support area. The instrument is going above the Ichimoku Cloud, which suggests an uptrend. A test of the Tenkan-Sen line at 2025 is expected, followed by a rise to 2070. An additional signal confirming the rise might be a rebound from the upper boundary of the bearish channel. The scenario can be cancelled by a breakout of the lower boundary of the Cloud with the price finding a foothold under 1995, which will mean a further decline to 1965. Meanwhile, the growth could be confirmed by a breakout of the upper boundary of the bearish channel with the price finding a foothold above 2045.
NZDUSD, “New Zealand Dollar vs US Dollar”
NZDUSD is correcting after a rebound from the upper boundary of the descending channel. The instrument is going above the Ichimoku Cloud, which suggests an uptrend. A test of the upper boundary of the Cloud at 0.6130 is expected, followed by a rise to 0.6265. An additional signal confirming the rise might be a rebound from the upper boundary of the bearish channel. The scenario can be cancelled by a breakout of the lower boundary of the Cloud with the price finding a foothold under 0.6075, which will mean a further decline to 0.5985.
