GBPUSD, “Great Britain Pound vs US Dollar”
The currency pair is correcting by a Triangle pattern. The pair is going under the Ichimoku Cloud, which indicates prevalence of a downtrend. A test of the lower border of the Cloud is expected at 1.2065, followed by falling to 1.1805. An additional signal confirming the decline will be a bounce off the upper border of the Triangle pattern. The scenario can be cancelled by a breakaway of the upper border of the Cloud and securing above 1.2265, which will mean further growth to 1.2355. The decline can be confirmed by a breakaway of the lower border of the Triangle pattern and securing under 1.1975.
XAUUSD, “Gold vs US Dollar”
Gold is testing the resistance level. The instrument is going above the Ichimoku Cloud, which indicates an uptrend. A test of the lower border of the Cloud is expected at 1805, followed by growth to 1860. 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 1790, which will mean further falling to 1755.
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NZDUSD, “New Zealand Dollar vs US Dollar”
The currency pair is declining in a bullish correction channel. The instrument is going inside the Ichimoku Cloud, which means a flat. A test of the upper border of the Cloud at 0.6355 is expected, followed by falling to 0.6105. An 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 0.6405, which will mean further growth to 0.6505. The decline can be confirmed by a breakaway of the lower border of the bullish channel and securing under 0.6270.
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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