Article By RoboForex.com
EURUSD, “Euro vs US Dollar”
The pair is correcting after a bounce off a strong support area. It is moving under the Ichimoku Cloud, indicating a downtrend. A test of the upper border of the Cloud is expected at 0.9995, followed by falling to 0.9775. An additional signal confirming the decline will be a bounce off the upper border of the bearish channel. The scenario can be cancelled by a breakaway of the upper border of the Cloud and securing above 1.0075, which will mean further growth to 1.0165.
XAUUSD, “Gold vs US Dollar”
The pair is pushing off the upper border of the bearish channel, going under the Ichimoku Cloud, which means a downtrend. Another test of the lower border of the Cloud at 1720.00 is expected, followed by a decline to 1655.00. An additional signal confirming the decline will be a bounce off the upper border of the descending channel. The scenario can be cancelled by a breakaway of the upper border of the Cloud and securing above 1735.00, which will entail further growth to 1775.00. The decline will be confirmed by a breakaway of the lower border of the Triangle pattern and securing under 1685.00.
Free Reports:
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.
Sign Up for Our Stock Market Newsletter – Get updated on News, Charts & Rankings of Public Companies when you join our Stocks Newsletter
AUDUSD, “Australian Dollar vs US Dollar”
The pair is testing the signal lines of the indicator, going under the Ichimoku Cloud, which means a downtrend. A test of the lower border of the Cloud at 0.6810 is expected, followed by a decline to 0.6545. An additional signal confirming the decline will be a bounce off the upper border of the descending channel. The scenario can be cancelled by a breakaway of the upper border of the Cloud and securing above 0.6940, which will entail further growth to 0.7030.
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.
- Australia will release its annual budget today. Rising inflation expectations hurt US stock indices May 14, 2024
- JPY declines again May 14, 2024
- Trade of the Week: CHINAH to extend lead as Asia’s winner? May 13, 2024
- The German index has hit an all-time high. China sees rising consumer inflation May 13, 2024
- Brent crude oil faces downward pressure amid demand uncertainties May 13, 2024
- COT Metals Charts: Speculator bets led by Platinum & Copper May 11, 2024
- COT Bonds Charts: Speculator bets led by Fed Funds & Ultra 10-Year Bonds May 11, 2024
- COT Stock Market Charts: Speculator bets led by DowJones & Russell 2000 May 11, 2024
- COT Soft Commodities Charts: Speculator bets led by Corn & Soybeans May 11, 2024
- Natural gas prices are rising amid falling inventories. The Bank of England expectedly kept the rate May 10, 2024
