Article By RoboForex.com
EURUSD, “Euro vs US Dollar”
EURUSD is trading at 1.0786; the instrument is moving inside Ichimoku Cloud, thus indicating a sideways tendency. The markets could indicate that the price may test the cloud’s downside border at 1.0715 and then resume moving upwards to reach 1.1070. Another signal to confirm further ascending movement is the price’s rebounding from the downside border of a Triangle pattern. However, the scenario that implies further growth may be canceled if the price breaks the cloud’s downside border and fixes below 1.0650. In this case, the pair may continue falling towards 1.0575. After breaking the pattern’s upside border and fixing above 1.0855, the price may resume moving upwards.
XAUUSD, “Gold vs US Dollar”
XAUUSD is trading at 1562.00; the instrument is moving above Ichimoku Cloud, thus indicating an ascending tendency. The markets could indicate that the price may test Tenkan-Sen and Kijun-Sen at 1540.00 and then resume moving upwards to reach 1615.00. Another signal to confirm further ascending movement is the price’s rebounding from the rising channel’s downside border. However, the scenario that implies further growth may be canceled if the price breaks the cloud’s downside border and fixes below 1505.00. In this case, the pair may continue falling towards 1475.00.
GBPJPY, “Great Britain Pound vs Japanese Yen”
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GBPJPY is trading at 128.18; 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 128.65 and then resume moving downwards to reach 122.05. Another signal to confirm further descending movement is the price’s rebounding from the descending channel’s upside border. However, the scenario that implies further decline may be canceled if the price breaks the cloud’s upside border and fixes above 130.65. In this case, the pair may continue growing towards 131.95.
Article By RoboForex.com
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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.
