Article By RoboForex.com
AUDUSD, “Australian Dollar vs US Dollar”
The currency pair is continuing decent falling under the Ichimoku Cloud, suggesting a downtrend. A test of the Tenkan-Sen of the indicator at 0.7005 is expected, followed by falling to 0.6765. An additional signal confirming the decline might become a bounce off the upper border of the bearish channel. The scenario can be canceled by a breakaway of the upper border of the Cloud and securing above 0.7215, which will mean further growth to 0.7315.
XAGUSD, “Silver vs US Dollar”
Silver has secured under the lower border of the bearish channel and the Ichimoku Cloud, suggesting a downtrend. A test of the Kijun-Sen line of the indicator at 21.60 is expected, followed by falling to 20.40. The decline can be additionally confirmed by a bounce off the lower border of the bullish channel. The scenario can be canceled by a breakaway of the upper border of the Cloud and securing above 22.25, which will entail further growth to 23.15.
Free Reports:
Sign Up for Our Stock Market Newsletter – Get updated on News, Charts & Rankings of Public Companies when you join our Stocks 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.
GBPUSD, “Great Britain Pound vs US Dollar”
The pair is testing the Tenkan-Sen line under the Ichimoku Cloud, suggesting a downtrend. A test of the signal lines of the indicator at 1.2265 is expected, followed by falling to 1.1855. An additional signal confirming the decline will be a bounce off the lower border of the bullish channel. The scenario can be canceled by a breakaway of the upper border of the Cloud and securing above 1.2605, which will entail further growth to 1.2705.
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 Changes led lower by Gold & Platinum Nov 17, 2024
- COT Bonds Charts: Large Speculator bets led by 2-Year & Ultra Treasury Bonds Nov 17, 2024
- COT Soft Commodities Charts: Large Speculator bets led by Corn & Soybean Oil Nov 16, 2024
- COT Stock Market Charts: Speculator Bets led by MSCI EAFE & VIX Nov 16, 2024
- The Dollar Index strengthened on Powell’s comments. The Bank of Mexico cut the rate to 10.25% Nov 15, 2024
- EURUSD Faces Decline as Fed Signals Firm Stance Nov 15, 2024
- Gold Falls for the Fifth Consecutive Trading Session Nov 14, 2024
- Profit-taking is observed on stock indices. The data on wages in Australia haven’t met expectations Nov 13, 2024
- USD/JPY at a Three-Month Peak: No One Opposes the US Dollar Nov 13, 2024
- Can Chinese Tech earnings offer relief for Chinese stock indexes? Nov 13, 2024
