EURUSD, “Euro vs US Dollar”
EURUSD has fixed above the support level. The instrument is currently moving below Ichimoku Cloud, thus indicating a descending tendency. The markets could indicate that the price may test Tenkan-Sen at 0.9895 and then resume moving downwards to reach 0.9365. Another signal in favour of a further downtrend will be a rebound from the descending channel’s upside border. However, the bearish scenario may no longer be valid if the price breaks the cloud’s upside border and fixes above 1.0095. In this case, the pair may continue growing towards 1.0205.
AUDUSD, “Australian Dollar vs US Dollar”
AUDUSD is about to resume falling. The instrument is currently moving below Ichimoku Cloud, thus indicating a descending tendency. The markets could indicate that the price may test Tenkan-Sen at 0.6645 and then resume moving downwards to reach 0.6435. Another signal in favour of a further downtrend will be a rebound from the descending channel’s upside border. However, the bearish scenario may no longer be valid if the price breaks the cloud’s upside border and fixes above 0.6825. In this case, the pair may continue growing towards 0.6915.
USDCAD, “US Dollar vs Canadian Dollar”
USDCAD is aggressively growing within the bullish channel. The instrument is currently moving above Ichimoku Cloud, thus indicating an ascending tendency. The markets could indicate that the price may test Tenkan-Sen at 1.3445 and then resume moving upwards to reach 1.3755. 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 1.3090. In this case, the pair may continue falling towards 1.2995.
