Article By RoboForex.com
AUDUSD, “Australian Dollar vs US Dollar”
AUDUSD is trading at 0.7412 above the Ichimoku Cloud, suggesting an uptrend. A test of the signal lines of the indicator at 0.7375 is expected, followed by growth to 0.7495. An additional signal confirming the growth will be a bounce off the lower border of the ascending channel. The growth will be canceled in the case of a breakaway of the lower border of the Cloud and securing under 0.7305, which will mean further decline to 0.7215.
XAUUSD, “Gold vs US Dollar”
Gold is trading at 1833 inside the Ichimoku Cloud, suggesting a flat. A test of the lower border of the Cloud at 1815 is expected, followed by growth to 1905. An additional signal confirming the growth will be a bounce off the upper border of the descending channel. The growth will be canceled in the case of a breakaway of the lower border of the Cloud and securing under 1785, which will mean further decline to 1745.
Free Reports:
Sign Up for Our Stock Market Newsletter – Get updated on News, Charts & Rankings of Public Companies when you join our Stocks 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 104.45 above the Ichimoku Cloud, suggesting a bullish trend. A test of the signal lines of the indicator at 104.15 is expected, followed by growth to 105.60. An additional signal confirming the growth will be a bounce off the upper border of the Triangle pattern. The growth will be canceled in the case of a breakaway of the lower border of the Cloud and securing under 103.90, which will mean further decline to 102.95. The growth will be confirmed by a breakaway of the resistance area and securing above 103.50.
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.
- RoboForex Receives Best Introducing Broker Programme Award Nov 18, 2024
- The hawkish attitude of FOMC representatives puts pressure on stock indices. Oil is growing amid escalation in Eastern Europe Nov 18, 2024
- AUD/USD Stabilises Amid RBA’s Hawkish Outlook Nov 18, 2024
- COT Metals Charts: Speculator Changes led lower by Gold & Platinum Nov 17, 2024
- COT Bonds Charts: Large Speculator bets led by 2-Year & Ultra Treasury Bonds Nov 17, 2024
- COT Soft Commodities Charts: Large Speculator bets led by Corn & Soybean Oil Nov 16, 2024
- COT Stock Market Charts: Speculator Bets led by MSCI EAFE & VIX Nov 16, 2024
- The Dollar Index strengthened on Powell’s comments. The Bank of Mexico cut the rate to 10.25% Nov 15, 2024
- EURUSD Faces Decline as Fed Signals Firm Stance Nov 15, 2024
- Gold Falls for the Fifth Consecutive Trading Session Nov 14, 2024
