Article By RoboForex.com
EURUSD, “Euro vs US Dollar”
The currency pair is trading at 1.2150 above the Ichimoku Cloud, indicating an uptrend. A test of the upper border of the Cloud at 1.2035 is expected, followed by growth to 1.2215. An additional signal confirming the growth will be a bounce off the lower border of the ascending channel. The scenario might be canceled by a breakaway of the lower border of the Cloud and securing under 1.2105, which will entail further falling to 1.2010.
USDCAD, “US Dollar vs Canadian Dollar”
The currency pair is trading at 1.2854 under the Ichimoku Cloud, suggesting a downtrend. A test of the signal lines of the indicator at 1.2880 is expected, followed by a decline to 1.2785. An additional signal confirming the decline will be a bounce off the upper border of the descending channel. The scenario might be canceled by a breakaway of the upper border of the Cloud and securing above 1.2915, which will entail further growth to 1.3010.
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.
ETHUSD, “Ethereum vs US Dollar”
The cryptocurrency is trading at 605.07 above the Ichimoku Cloud, suggesting an uptrend. A test of the upper border of the Cloud at 604.55 is expected, followed by growth to 651.05. An additional signal confirming the growth will be a bounce off the lower border of the ascending channel. The scenario might be canceled by a breakaway of the lower border of the Cloud and securing under 585.00, which will entail further falling to 545.05. The growth might be confirned by a breakaway of the upper border of the Triangle and securing above 625.05.
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.
- Expert Says Now Looks Like a Good Time To Buy This Renewable Energy Stock Apr 30, 2024
- Optimism over corporate earnings is fueling stock indices. The Hong Kong index reached a 5-month high Apr 30, 2024
- FXTM’s Copper: Hits fresh two-year high! Apr 30, 2024
- European indices grow on the ECB’s “dovish” position. Quarterly reports of mega-companies support the broad market Apr 29, 2024
- Japanese yen shows volatility amid speculation of intervention Apr 29, 2024
- COT Bonds Charts: Speculator Weekly Changes led by 5-Year & 10-Year Bonds Apr 28, 2024
- COT Stock Market Charts: Speculator Bets led by VIX & Russell-Mini Apr 28, 2024
- COT Soft Commodities Charts: Speculator Bets led by Corn & Soybean Meal Apr 28, 2024
- Today, investors’ focus is on the PCE Price Index inflation report Apr 26, 2024
- Gold price recovers amid uncertain US economic outlook Apr 26, 2024
