EURUSD, “Euro vs US Dollar”
EURUSD is trading at 1.1604; the instrument is moving inside Ichimoku Cloud, thus indicating a sideways tendency. The markets could indicate that the price may test the cloud’s upside border at 1.1625 and then resume moving downwards to reach 1.1495. Another signal in favour of a further downtrend will be a rebound from the resistance level. However, the bearish scenario may no longer be valid if the price breaks the cloud’s upside border and fixes above 1.1665. In this case, the pair may continue growing towards 1.1755. To confirm further decline, the asset must break the rising channel’s downside border and fix below 1.1535.
XAUUSD, “Gold vs US Dollar”
XAUUSD is trading at 1805.00; 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 1785.00 and then resume moving upwards to reach 1855.00. Another signal in favour of a 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 1765.00. In this case, the pair may continue falling towards 1735.00.
NZDUSD, “New Zealand Dollar vs US Dollar”
NZDUSD is trading at 0.7175; 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 0.7105 and then resume moving upwards to reach 0.7320. Another signal in favour of a 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 0.7025. In this case, the pair may continue falling towards 0.6935. To confirm further growth, the asset must break the descending channel’s upside border and fix above 0.7215.
