by JustForex
EURUSD, “Euro vs US Dollar”
EURUSD is trading at 1.1303; the instrument is moving below Ichimoku Cloud, thus indicating a descending tendency. The markets could indicate that the price may test Tenkan-Sen and Kijun-Sen at 1.1315 and then resume moving downwards to reach 1.1195. 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 1.1405. In this case, the pair may continue growing towards 1.1505.
XAUUSD, “Gold vs US Dollar”
XAUUSD is trading at 1848.00; the instrument is moving above Ichimoku Cloud, thus indicating an ascending tendency. The markets could indicate that the price may test the cloud’s upside border at 1835.00 and then resume moving upwards to reach 1885.00. 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 1810.00. In this case, the pair may continue falling towards 1775.00.
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AUDUSD, “Australian Dollar vs US Dollar”
AUDUSD is trading at 0.7159; the instrument is moving below Ichimoku Cloud, thus indicating a descending tendency. The markets could indicate that the price may test Tenkan-Sen and Kijun-Sen at 0.7185 and then resume moving downwards to reach 0.7015. 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 0.7255. In this case, the pair may continue growing towards 0.7345. To confirm further decline, the asset must break the descending channel’s downside border and fix below 0.7045.
by JustForex
This article reflects a personal opinion and should not be interpreted as an investment advice, and/or offer, and/or a persistent request for carrying out financial transactions, and/or a guarantee, and/or a forecast of future events.
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