Article By RoboForex.com
EURGBP, “Euro vs Great Britain Pound”
EURGBP is trading at 0.8673; the instrument is moving inside Ichimoku Cloud, thus indicating a sideways tendency. The markets could indicate that the price may test the cloud’s downside border at 0.8665 and then resume moving upwards to reach 0.8805. Another signal in favor of a further uptrend will be a rebound from the downside border of the Triangle pattern. However, the bullish scenario may no longer be valid if the price breaks the cloud’s downside border and fixes below 0.8605. In this case, the pair may continue falling towards 0.8525. To confirm further growth, the asset must break the pattern’s upside border and fix above 0.8725.
USDRUB, “US Dollar vs Russian Ruble”
USDRUB is trading at 74.27; the instrument is moving below Ichimoku Cloud, thus indicating a descending tendency. The markets could indicate that the price may test the cloud’s downside border at 75.05 and then resume moving downwards to reach 72.15. Another signal in favor of a further downtrend will be a rebound from the resistance level. However, the bearish scenario may be canceled if the price breaks the cloud’s upside border and fixes above 76.25. In this case, the pair may continue growing towards 77.35. To confirm further decline, the asset must break the rising channel’s downside border and fix below 73.25.
Free Reports:
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.
Download Our Metatrader 4 Indicators – Put Our Free MetaTrader 4 Custom Indicators on your charts when you join our Weekly Newsletter
EURJPY, “Euro vs Japanese Yen”
EURJPY is trading at 131.60; 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 130.95 and then resume moving upwards to reach 133.15. Another signal in favor of a 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 130.75. In this case, the pair may continue falling towards 129.95. To confirm further growth, the asset must break the descending channel’s upside border and fix above 131.95.
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.
- IMF warns that US tariffs portend a slowdown in global economic growth Apr 23, 2025
- Pound Hits Fresh High Against the US Dollar Before Correcting: What’s Driving GBP/USD? Apr 23, 2025
- Trump lashed out at the US Federal Reserve chief Jerome Powell with criticism. Energy prices are falling Apr 22, 2025
- EUR/USD Hits Three-Year High as US White House Policy Concerns Mount Apr 21, 2025
- Today is Good Friday — most financial markets will be closed Apr 18, 2025
- EUR/USD in Equilibrium: Quiet Trading Expected on Good Friday Apr 18, 2025
- The Bank of Canada kept the interest rate unchanged. In New Zealand, there is an increase in inflation Apr 17, 2025
- Pound Among the Winners Boosted by US Dollar Weakness and Rate Cut Prospects Apr 17, 2025
- China data beat expectations. Inflationary pressures in Canada continue to ease Apr 16, 2025
- Japanese Yen Surges as Weak US Dollar Fuels Momentum Apr 16, 2025
