AUDUSD, “Australian Dollar vs US Dollar”
AUDUSD is trading at 0.7113; the instrument is moving inside Ichimoku Cloud, thus indicating a sideways tendency. The markets could indicate that the price may test the cloud’s upside border at 0.7120 and then resume moving downwards to reach 0.6965. 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 0.7165. In this case, the pair may continue growing towards 0.7255. To confirm further decline, the asset must break the rising channel’s downside border and fix below 0.7040.
BTCUSD, “Bitcoin vs US Dollar”
BTCUSD is trading at 13079.00; the instrument is moving above Ichimoku Cloud, thus indicating an ascending tendency. The markets could indicate that the price may test Tenkan-Sen and Kijun-Sen at 12905.00 and then resume moving upwards to reach 14155.00. Another signal in favor of further uptrend will be a rebound from the downside border of the Triangle pattern. However, the bullish scenario may no longer be valid if the price breaks the cloud’s downside border and fixes below 12165.00. In this case, the pair may continue falling towards 11705.00. To confirm further growth, the asset must break the pattern’s upside border and fix above 13405.00.
BRENT
Brent is trading at 41.13; the instrument is moving below Ichimoku Cloud, thus indicating a descending tendency. The markets could indicate that the price may test Tenkan-Sen and Kijun-Sen at 41.85 and then resume moving downwards to reach 39.05. Another signal in favor of further downtrend will be a rebound from the downside border of a Triangle pattern. However, the bearish scenario may no longer be valid if the price breaks the cloud’s upside border and fixes above 43.35. In this case, the pair may continue growing towards 44.55. To confirm further decline, the asset must break the rising channel’s downside border and fix below 40.00.
