Article By RoboForex.com
AUDUSD, “Australian Dollar vs US Dollar”
The currency pair is trading at 0.7410 under the Ichimoku Cloud, suggesting a downtrend. A test of the signal lines of the indicator at 0.7420 is expected, followed by falling to 0.7275. An additional signal confirming the decline might become a bounce off the upper border of the descending channel. The scenario can be canceled by a breakaway of the upper border of the Cloud and securing above 0.7515, which will mean further growth to 0.7605.
GBPUSD, “Great Britain Pound vs US Dollar”
The currency pair is trading at 1.3487 under the Ichimoku Cloud, suggesting a downtrend. A test of the signal lines of the indicator at 1.3540 is expected, followed by falling to 1.3295. The decline can be additionally confirmed by a bounce off the upper border of the descending channel. The scenario can be canceled by a breakaway of the upper border of the Cloud and securing above 1.3755, which will entail further growth to 1.3845.
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.
NZDUSD, “New Zealand Dollar vs US Dollar”
Gold is trading at 0.7137 under the Ichimoku Cloud, suggesting a downtrend. A test of the upper border of the Cloud at 0.7150 is expected, followed by falling to 0.6965. An additional signal confirming the decline will be a bounce off the upper border of the descending channel. The scenario can be canceled by a breakaway of the upper border of the Cloud and securing above 0.7205, which will entail further growth to 0.7305.
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.
- COT Metals Charts: Speculator bets led by Gold & Steel May 4, 2024
- COT Bonds Charts: Speculator bets led lower by SOFR 3M & 10-Year Bonds May 4, 2024
- COT Soft Commodities Charts: Speculator bets led by Wheat, Soybean Meal & Corn May 4, 2024
- COT Stock Market Charts: Speculator bets led lower by S&P500 & MSCI EAFE May 4, 2024
- The British index has updated the historical maximum. Oil lost 5% over the week May 3, 2024
- US Fed tilts towards a rate cut despite the postponement. HKMA left the rate unchanged at 5.75% May 2, 2024
- Brent crude oil hits seven-week low May 2, 2024
- Target Thursdays: USDJPY, Copper & EURCAD May 2, 2024
- WTI oil declines on rising inventories and negotiations between Israel and Hamas. Rising unemployment in New Zealand may force RBNZ to start cutting rates earlier May 1, 2024
- Bitcoin stumbles below $60k ahead of Fed May 1, 2024
