Article By RoboForex.com
AUDUSD, “Australian Dollar vs US Dollar”
The currency pair is trading at 0.7410 under the Ichimoku Cloud, suggesting a downtrend. A test of the signal lines of the indicator at 0.7420 is expected, followed by falling to 0.7275. An additional signal confirming the decline might become a bounce off the upper border of the descending channel. The scenario can be canceled by a breakaway of the upper border of the Cloud and securing above 0.7515, which will mean further growth to 0.7605.
GBPUSD, “Great Britain Pound vs US Dollar”
The currency pair is trading at 1.3487 under the Ichimoku Cloud, suggesting a downtrend. A test of the signal lines of the indicator at 1.3540 is expected, followed by falling to 1.3295. The decline can be additionally confirmed by a bounce off the upper border of the descending channel. The scenario can be canceled by a breakaway of the upper border of the Cloud and securing above 1.3755, which will entail further growth to 1.3845.
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
NZDUSD, “New Zealand Dollar vs US Dollar”
Gold is trading at 0.7137 under the Ichimoku Cloud, suggesting a downtrend. A test of the upper border of the Cloud at 0.7150 is expected, followed by falling to 0.6965. An additional signal confirming the decline will be a bounce off the upper border of the descending channel. The scenario can be canceled by a breakaway of the upper border of the Cloud and securing above 0.7205, which will entail further growth to 0.7305.
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