BTCUSD, “Bitcoin vs US Dollar”
BTCUSD is trading at 9076.00; 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 9265.00 and then resume moving downwards to reach 8450.00. Another signal in favor of further downtrend will be a rebound from the descending channel’s upside border. However, the bearish scenario may no longer be valid if the price breaks the cloud’s upside border and fixes above 9455.00. In this case, the pair may continue growing towards 9605.00.
XAUUSD, “Gold vs US Dollar”
XAUUSD is trading at 1771.00; 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 1755.00 and then resume moving upwards to reach 1805.00. Another signal in favor of further uptrend will be a rebound from the rising channel’s downside border. However, the bullish scenario may no longer be valid if the price breaks the cloud’s downside border and fixes below 1730.00. In this case, the pair may continue falling towards 1695.00.
NZDUSD, “New Zealand Dollar vs US Dollar”
NZDUSD is trading at 0.6431; the instrument is moving below Ichimoku Cloud, thus indicating a descending tendency. The markets could indicate that the price may test the cloud’s upside border at 0.6455 and then resume moving downwards to reach 0.6260. Another signal in favor of further downtrend will be a rebound from the resistance level. However, the bearish scenario may be canceled if the price breaks the cloud’s upside border and fixes above 0.6510. In this case, the pair may continue growing towards 0.6595. To confirm further decline, the asset must break the neckline of a Head & Shoulders reversal pattern and fix below 0.6355.
