GBPUSD, “Great Britain Pound vs US Dollar”
The pair is pushing off the signal lines of the indicator, going above the Ichimoku Cloud, which suggests an uptrend. A test of the upper border of the Cloud at 1.1420 is expected, followed by growth to 1.1935. An additional signal confirming the growth will be a bounce off the lower border of the bullish channel. The scenario can be cancelled by a breakaway of the lower border of the Cloud and securing under 1.1225, which will mean further falling to 1.1130.
XAUUSD, “Gold vs US Dollar”
Gold is declining inside a bearish channel. The instrument is going under the Ichimoku Cloud, which suggests a downtrend. A test of the upper border of the Cloud at 1645 is expected, followed by falling to 1590. An additional signal confirming the decline will be a bounce off the upper border of the descending channel. The scenario can be cancelled by a breakaway of the upper border of the Cloud and securing above 1670, which will mean further growth to 1725.
USDCAD, “US Dollar vs Canadian Dollar”
USDCAD is testing the Kijun-Sen line. The instrument is going under the Ichimoku Cloud, which suggests a downtrend. A test of the lower border of the Cloud at 1.3690 is expected, followed by falling to 1.3330. An additional signal confirming the decline will be a bounce off the upper border of the descending channel. The scenario can be cancelled by a breakaway of the upper border of the Cloud and securing above 1.3845, which will mean further growth to 1.3955. The decline will be confirmed by a breakaway of the lower border of the bullish channel and securing under 1.3535.
