Article By RoboForex.com
AUDUSD
The AUDUSD is trading at 0.7121, above the Ichimoku cloud, which means there’s an uptrend forming. We are expecting a test of the upper cloud boundary at 0.7105, and then a downward pullback to 0.7205, which may be confirmed with the price bouncing off the support area. This rise may be prevented in case price breaks out the lower boundary of the Ichimoku cloud and closes below 0.7065, which will be a signal for a further fall to 0.6975 and below. The rise will get confirmed once the upper boundary of the descending channel is broken out and the price closes above 0.7155.
NZDUSD
The NZDUSD is trading at 0.6907, above the Ichimoku cloud, which means there’s an uptrend forming. We are expecting a test of the upper cloud boundary at 0.6885, and then a downward pullback to 0.6965, which will be confirmed with the price bouncing off the lower boundary of the ascending channel. The rise may be prevented in case price breaks out the lower boundary and closes below 0.6845, which will be a signal for a further fall to 0.6765.
USDCAD
Free Reports:
Get Our Free 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.
The USDCAD is trading at 1.3392, above the Ichimoku cloud, which means there’s an uptrend forming. We are expecting a test of the upper cloud boundary at 1.3365, and then a downward pullback to 1.3555, which will be confirmed with the price bouncing off the upper boundary of the descending channel. This rise may be prevented in case price breaks out the lower boundary and closes below 1.3285, which will be a signal for a further fall to 1.3175.
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.
