EURUSD, “Euro vs US Dollar”
EURUSD is descending by a bearish channel. The instrument is going below the Ichimoku Cloud, which suggests a downtrend. A test of the Tenkan-Sen line at 1.0780 is expected, followed by falling to 1.0530. 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 1.0975, which will mean further growth to 1.1065.
GBPUSD, “Great Britain Pound vs US Dollar”
GBPUSD is testing the Tenkan-Sen line. The instrument is going below the Ichimoku Cloud, which suggests a downtrend. A test of the Kijun-Sen line at 1.2125 is expected, followed by falling to 1.1815. 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 1.2265, which will mean further growth to 1.2355.
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
AUDUSD, “Australian Dollar vs US Dollar”
AUDUSD is pushing off the signal lines of the Cloud. The instrument is going below the Ichimoku Cloud, which suggests a downtrend. A test of the lower border of the Cloud at 0.7005 is expected, followed by falling to 0.6695. An additional signal confirming the decline will be a bounce off the lower border of the bullish channel. The scenario can be cancelled by a breakaway of the upper border of the Cloud and securing above 0.7115, which will mean further growth to 0.7205.
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.
- Today, investors focus on the Non-Farm Payrolls labor market report Apr 4, 2025
- USD/JPY collapses to a 6-month low: safe-haven assets in demand Apr 4, 2025
- GBP/USD Hits 21-Week High: The Pound Outperforms Its Peers Apr 3, 2025
- Most of the tariffs imposed by the Trump administration take effect today Apr 2, 2025
- EUR/USD Declines as Markets Await Signals of a Renewed Trade War Apr 2, 2025
- “Liberation Day”: How markets might react to Trump’s April 2nd tariff announcement? Apr 2, 2025
- The RBA expectedly kept interest rates unchanged. Oil rose to a one-month high Apr 1, 2025
- World stock indices sell off under the weight of new tariffs Mar 31, 2025
- COT Metals Charts: Speculator Bets led by Copper & Palladium Mar 30, 2025
- COT Bonds Charts: Speculator Bets led by 10-Year Bonds, Fed Funds & 2-Year Bonds Mar 30, 2025
