Article By RoboForex.com
EURUSD, “Euro vs US Dollar”
EURUSD is trading at 1.1801; the instrument is moving below Ichimoku Cloud, thus indicating a descending tendency. The markets could indicate that the price may test the cloud’s upside border at 1.1835 and then resume moving downwards to reach 1.1565. Another signal in favor of further downtrend will be a rebound from the resistance level. However, the bearish scenario may be canceled if the price breaks the cloud’s upside border and fixes above 1.18890. In this case, the pair may continue growing towards 1.1975. To confirm further decline, the asset must break the rising channel’s downside border and fix below 1.1725.
USDCAD, “US Dollar vs Canadian Dollar”
USDCAD is trading at 1.3160; the instrument is moving below Ichimoku Cloud, thus indicating a descending tendency. The markets could indicate that the price may test the cloud’s upside border at 1.3195 and then resume moving downwards to reach 1.3025. Another signal in favor of 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 1.3235. In this case, the pair may continue growing towards 1.3415. To confirm further decline, the asset must break the downside border of the Triangle pattern and fix below 1.3115.
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
XAUUSD, “Gold vs US Dollar”
XAUUSD is trading at 1934.00; the instrument is moving below Ichimoku Cloud, thus indicating a descending tendency. The markets could indicate that the price may test the cloud’s downside border at 1940.00 and then resume moving downwards to reach 1855.00. Another signal in favor of further downtrend will be a breakout of 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 below 1975.00. In this case, the pair may continue growing towards 2015.00.
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.
- The US and European stock indices are rising again amid renewed investor interest in the AI industry. Jul 10, 2026
- USD/JPY Falls as Yen Recovers Weekly Losses Jul 10, 2026
- Crude oil prices surged sharply by 7% in reaction to the rapid escalation of the conflict in the Middle East Jul 9, 2026
- Middle East Tensions Weigh on Gold Jul 9, 2026
- Pound Awaits Tighter Policy from Bank of England Jul 8, 2026
- The United States carried out airstrikes on Iran after Iran’s attacked tankers in the Strait of Hormuz. The RBNZ raised the interest rate to 2.5% Jul 8, 2026
- RoboForex Brings Full-Scale Trading to Telegram Jul 7, 2026
- Your Bourse Integrates TradingView Charts and Trading Platform Library with Trade Server Jul 7, 2026
- Yen Still Under Pressure: Markets Await Action from Authorities Jul 7, 2026
- Germany’s DAX Index has updated its all‑time high. OPEC+ countries have agreed to increase production Jul 7, 2026
