Article By RoboForex.com
GBPUSD, “Great Britain Pound vs US Dollar”
GBPUSD is trading at 1.3585; 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 1.3620 and then resume moving downwards to reach 1.3390. Another signal in favour of a 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 1.3685. In this case, the pair may continue growing towards 1.3775.
XAGUSD, “Silver vs US Dollar”
XAGUSD is trading at 24.49; the instrument is moving above Ichimoku Cloud, thus indicating an ascending tendency. The markets could indicate that the price may test Tenkan-Sen and Kijun-Sen at 23.95 and then resume moving upwards to reach 25.65. Another signal in favour 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 22.25. In this case, the pair may continue falling towards 21.35. To confirm further growth, the asset must break the rising channel’s upside border and fix above 25.25.
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USDCHF, “US Dollar vs Swiss Franc”
USDCHF is trading at 0.9144; 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 0.9155 and then resume moving downwards to reach 0.9020. Another signal in favour of a 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 0.9210. In this case, the pair may continue growing towards 0.9305. To confirm further decline, the asset must break the downside border of the Flag pattern and fix below 0.9115.
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.
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