EURUSD, “Euro vs US Dollar”
EURUSD is trading at 1.1094; 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 1.1005 and then resume moving upwards to reach 1.1305. Another signal to confirm further ascending movement is the price’s rebounding from the rising channel’s downside border. However, the scenario that implies further growth may be canceled if the price breaks the cloud’s downside border and fixes below 1.0905. In this case, the pair may continue falling towards 1.0815.
GBPUSD, “Great Britain Pound vs US Dollar”
GBPUSD is trading at 1.2409; the instrument is moving above Ichimoku Cloud, thus indicating a bullish tendency. The markets could indicate that the price may test Tenkan-Sen and Kijun-Sen at 1.2265 and then resume moving upwards to reach 1.2675. Another signal to confirm further ascending movement is the price’s rebounding from the support level. However, the scenario that implies further growth may be canceled if the price breaks the cloud’s downside border and fixes below 1.1975. In this case, the pair may continue falling towards 1.1855.
USDCAD, “US Dollar vs Canadian Dollar”
USDCAD is trading at 1.4015; the instrument is moving below Ichimoku Cloud, thus indicating a bearish tendency. The markets could indicate that the price may test the cloud’s downside border at 1.4075 and then resume moving downwards to reach 1.3755. Another signal to confirm further descending movement is the price’s rebounding from the descending channel’s upside border. However, the scenario that implies further decline may be canceled if the price breaks the cloud’s upside border and fixes above 1.4245. In this case, the pair may continue growing towards 1.4355.
