Article By RoboForex.com
USDJPY, “US Dollar vs Japanese Yen”
USDJPY is trading at 107.17; 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 107.00 and then resume moving upwards to reach 107.75. Another signal is favor of further uptrend will be a rebound from the upside border of the Triangle pattern. However, the bullish scenario may no longer be valid if the price breaks the cloud’s downside border and fixes below 106.55. In this case, the pair may continue falling towards 105.65.
XAUUSD, “Gold vs US Dollar”
XAUUSD is trading at 1751.00; the instrument is moving above Ichimoku Cloud, thus indicating an ascending tendency. The markets could indicate that the price may test the cloud’s upside border at 1745.00 and then resume moving upwards to reach 1780.00. Another signal in favor of further uptrend will be a rebound from the rising channel’s downside border. However, the bullish scenario may no longer be valid if the price breaks the cloud’s downside border and fixes below 1730.00. In this case, the pair may continue falling towards 1695.00.
USDRUB, “US Dollar vs Russian Ruble”
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USDRUB is trading at 69.24; the instrument is moving below Ichimoku Cloud, thus indicating a descending tendency. The markets could indicate that the price may test Tenkan-Sen and Kijun-Sen at 69.35 and then resume moving downwards to reach 67.65. Another signal in favor of further downtrend will be a rebound from the upside border of the Triangle pattern. However, the bearish scenario may be canceled if the price breaks the cloud’s upside border and fixes above 70.05. In this case, the pair may continue growing towards 71.10. To confirm further decline, the asset must break the Triangle’s downside border and fix below 68.95.
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.
