Article By RoboForex.com
GBPUSD, “Great Britain Pound vs US Dollar”
GBPUSD is trading at 1.3146; 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 1.3080 and then resume moving upwards to reach 1.3290. 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 1.2975. In this case, the pair may continue falling towards 1.2895.
USDCAD, “US Dollar vs Canadian Dollar”
USDCAD is trading at 1.3153; the instrument is moving above Ichimoku Cloud, thus indicating an ascending tendency. The markets could indicate that the price may test the cloud’s downside border at 1.3125 and then resume moving upwards to reach 1.3245. Another signal in favor of further uptrend will be a rebound from the descending channel’s upside border. However, the bullish scenario may no longer be valid if the price breaks the cloud’s downside border and fixes below 1.3095. In this case, the pair may continue falling towards 1.1995. To confirm further growth, the asset must break the resistance area and fix above 1.3195, thus completing a Head & Shoulders reversal pattern.
Free Reports:
Download Our Metatrader 4 Indicators – Put Our Free MetaTrader 4 Custom Indicators on your charts when you join our Weekly Newsletter
Get our Weekly Commitment of Traders Reports - See where the biggest traders (Hedge Funds and Commercial Hedgers) are positioned in the futures markets on a weekly basis.
USDJPY, “US Dollar vs Japanese Yen”
USDJPY is trading at 104.62; 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 104.75 and then resume moving downwards to reach 103.95. 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 105.25. In this case, the pair may continue growing towards 106.15.
Article By RoboForex.com
Attention!
Forecasts presented in this section only reflect the author’s private opinion and should not be considered as guidance for trading. RoboForex LP bears no responsibility for trading results based on trading recommendations described in these analytical reviews.
- The Tech‑heavy NASDAQ Index jumped by more than 3.3%. The offshore yuan is trading at its highest level since 2023 Jul 31, 2026
- USD/JPY After Volatility: Multiple Events in One Day Jul 31, 2026
- The US indices sell off amid renewed US-Iran clashes. Oil jumps by 7% Jul 30, 2026
- USD/JPY Temporary in Equilibrium: Multiple Factors in Focus Jul 30, 2026
- GBP/USD at Month’s Lows: The Outlook Remains Weak Jul 29, 2026
- Crude oil falls below $80 per barrel. Australia sees inflation slowdown Jul 29, 2026
- The US Tech sector hit by sell‑off. Oil prices decline on renewed negotiations Jul 28, 2026
- Gold Declines, Focus on Fed and Falling Oil Prices Jul 28, 2026
- This week will be one of the most crowded for central‑bank meetings Jul 27, 2026
- EUR/USD Ahead of a Key Week: Holding Near Lows Jul 27, 2026
