Article By RoboForex.com
EURUSD, “Euro vs US Dollar”
EURUSD is trading at 1.1318; the instrument is moving inside Ichimoku Cloud, thus indicating a sideways tendency. The markets could indicate that the price may test Tenkan-Sen and Kijun-Sen at 1.1365 and then resume moving downwards to reach 1.1190. Another signal in favour of a further downtrend will be a rebound from the resistance level. However, the bearish scenario may no longer be valid if the price breaks the cloud’s upside border and fixes above 1.1455. In this case, the pair may continue growing towards 1.1545. To confirm further decline, the asset must break the rising channel’s downside border and fix below 1.1245.
GBPUSD, “Great Britain Pound vs US Dollar”
GBPUSD is trading at 1.3529; the instrument is moving inside Ichimoku Cloud, thus indicating a sideways tendency. The markets could indicate that the price may test the cloud’s upside border at 1.3545 and then resume moving downwards to reach 1.3365. Another signal in favour of a further downtrend will be a rebound from the rising channel’s downside border. However, the bearish scenario may no longer be valid if the price breaks the cloud’s upside border and fixes above 1.3605. In this case, the pair may continue growing towards 1.3695. To confirm further decline, the asset must break the downside border of a Double Top reversal pattern and fix below 1.3470.
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XAUUSD, “Gold vs US Dollar”
XAUUSD is trading at 1878.00; 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 1865.00 and then resume moving upwards to reach 1905.00. Another signal in favour of a further uptrend will be a rebound from the rising channel’s upside border. However, the bullish scenario may no longer be valid if the price breaks the cloud’s downside border and fixes below 1795.00. In this case, the pair may continue falling towards 1765.00.
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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