EURUSD
The pair is pushing off the signal lines of the indicator, going below the Ichimoku Cloud, which suggests the prevalence of an uptrend. A test of the upper border of the Cloud is expected at 1.0285, followed by growth to 1.0715. An additional signal confirming the growth will be a bounce off the lower border of the bullish channel. The scenario can be cancelled by a breakaway of the lower border of the Cloud and securing under 1.0015, which will entail further falling to 0.9925. The growth can be confirmed by a breakaway of the upper border of the descending channel and securing above 1.0425.
AUDUSD
The pair is testing the resistance level, going above the Ichimoku Cloud, which means an uptrend. A test of the upper border of the Cloud is expected at 0.6655, followed by growth to 0.6955. An additional signal confirming the growth will be a bounce off the lower border of the bullish channel. The scenario can be cancelled by a breakaway of the lower border of the Cloud and securing under 0.6445, which will entail further falling to 0.6345. The growth can be secured by a breakaway of the upper border of the correctional channel and securing above 0.6745.
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.
Download Our Metatrader 4 Indicators – Put Our Free MetaTrader 4 Custom Indicators on your charts when you join our Weekly Newsletter
GBPUSD
The pair has secured above the upper border of the bullish channel, going above the Ichimoku Cloud, which suggests the prevalence of an uptrend. A test of the Tenkan-Sen line at 1.1825 is expected, followed by growth to 1.2305. An additional signal confirming the growth of the pair will be a bounce off the lower border of the ascending channel. The scenario can be cancelled by a breakaway of the lower border of the Cloud and securing under 1.1455, which will mean further falling to 1.1365.
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.
- Hedge funds have significantly reduced their holdings in equities. Oil fell to $66 per barrel Mar 11, 2025
- Gold remains in consolidation amid ongoing market uncertainty Mar 11, 2025
- China’s consumer prices fell the most in 13 months. Canada has chosen a new prime minister Mar 10, 2025
- COT Metals Charts: Speculator Bets led lower by Gold, Copper & Platinum Mar 9, 2025
- COT Bonds Charts: Speculator Bets led lower by Fed Funds & 5-Year Bonds Mar 9, 2025
- COT Soft Commodities Charts: Speculator Bets led lower by Corn, Soybeans & Wheat Mar 9, 2025
- COT Stock Market Charts: Weekly Speculator Changes led by S&P500-Mini & VIX Mar 9, 2025
- The German DAX index has hit an all-time high. WTI crude oil prices show a multi-day losing streak Mar 7, 2025
- EUR/USD holds firm as the US dollar ends the week with losses Mar 7, 2025
- European indices are growing amid the change of economic vector to defense. Inflationary pressures in Vietnam continue to ease. Mar 6, 2025
