Article By RoboForex.com
XAUUSD, “Gold vs US Dollar”
GOLD is trading at 1985 above the Ichimoku Cloud, suggesting an uptrend. A test of the signal lines of the indicator near 1975 is expected, followed by growth to 2015. An additional signal confirming the growth will be a bounce off the upper border of the Triangle pattern. The growth will be canceled in the case of a breakaway of the lower border of the Cloud and closing above 1935, which will mean further declining to 1905.
ETHUSD, “Ethereum vs US Dollar”
The Ethereum is trading at 442.25 above the Ichimoku Cloud, suggesting an uptrend. A test of the signal lines of the indicator at 425.05 is expected, followed by growth to 465.05. An additional signal confirming the growth will be a bounce off the lower border of the ascending channel. The growth will be canceled in the case of a breakaway of the lower border of the Cloud and closing under 405.05, which will mean further declining to 375.05.
Free Reports:
Download Our Metatrader 4 Indicators – Put Our Free MetaTrader 4 Custom Indicators on your charts when you join our Weekly Newsletter
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.
USDCHF, “US Dollar vs Swiss Franc”
USDCHF is trading at 0.9010 under the Ichimoku Cloud, suggesting a downtrend. A test of the lower border of the Cloud at 0.9035 is expected, followed by falling to 0.8950. An additional signal confirming the decline will be a bounce off the upper border of the descending channel. The falling will be canceled in the case of a breakaway of the upper border of the Cloud and closing above 0.9080, which will mean further growth to 0.9175. The decline will be confirmed by a breakaway of the lower border of the Triangle and securing under 0.8990.
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.
- COT Metals Charts: Speculator bets led by Platinum & Silver May 18, 2024
- COT Bonds Charts: Speculator bets led by the 10-Year & 2-Year Bonds May 18, 2024
- COT Stock Market Charts: Speculator bets led by DowJones-Mini & Russell-Mini May 18, 2024
- COT Soft Commodities Charts: Speculator bets led higher by Corn & Wheat May 18, 2024
- Stoxx Europe 600: What Signs of Investor Exuberance Keep Telling Us May 17, 2024
- Natural gas prices rose to a 4-month high. China released mixed data May 17, 2024
- S&P 500 index hits record high amidst lower inflation May 17, 2024
- Stock indices have hit all-time highs. The Australian labor market is starting to cool down May 16, 2024
- Target Thursdays: USDInd, Soybean & EU50 hit targets! May 16, 2024
- JPY has sharply strengthened May 16, 2024