Article By RoboForex.com
EURUSD, “Euro vs US Dollar”
EURUSD is falling within the bearish channel. The instrument is currently moving below Ichimoku Cloud, thus indicating a descending tendency. The markets could indicate that the price may test Tenkan-Sen at 0.9965 and then resume moving downwards to reach 0.9750. 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 1.0305. In this case, the pair may continue growing towards 1.0400.
NZDUSD, “New Zealand Dollar vs US Dollar”
NZDUSD is testing the bullish channel’s downside border. The instrument is currently moving below Ichimoku Cloud, thus indicating a descending tendency. The markets could indicate that the price may test Tenkan-Sen and Kijun-Sen at 0.6195 and then resume moving downwards to reach 0.6025. 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 0.6375. In this case, the pair may continue growing towards 0.6470. To confirm a further downtrend, the price must break the bullish channel’s downside and fix below 0.6135.
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USDCHF, “US Dollar vs Swiss Franc”
USDCHF is about to break the resistance level. The instrument is currently moving above Ichimoku Cloud, thus indicating an ascending tendency. The markets could indicate that the price may test Tenkan-Sen at 0.9625 and then resume moving upwards to reach 0.9850. 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 0.9435. In this case, the pair may continue falling towards 0.9345. To confirm a further uptrend, the price must break the bearish channel’s upside and fix above 0.9750.
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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