EURUSD, “Euro vs US Dollar”
EURUSD has secured above the signal lines of the indicator. The instrument is going below the Ichimoku Cloud, which suggests a downtrend. A test of the lower boundary of the Cloud at 1.0625 is expected, followed by a decline to 1.0435. An additional signal confirming the decline will be a rebound from the upper boundary of the bearish channel. The scenario can be cancelled by a breakout of the upper boundary of the Cloud with the price securing above 1.0695, which will mean further growth to 1.0795. Meanwhile, the decline could be confirmed by a breakout of the lower boundary of the corrective channel with the price securing under 1.0535.
USDJPY, “US Dollar vs Japanese Yen”
USDJPY is correcting after a rebound from the upper boundary of the bullish channel. The instrument is going above the Ichimoku Cloud, which suggests an uptrend. A test of the upper boundary of the Cloud at 148.55 is expected, followed by a rise to 150.95. An additional signal confirming the rise will be a rebound from the lower boundary of the bullish channel. The scenario can be cancelled by a breakout of the lower boundary of the Cloud with the price securing under 147.75, which will mean a further decline to 146.85. Meanwhile, the growth could be confirmed by a breakout of the upper boundary of the bearish channel with the price securing above 149.75.
XAUUSD, “Gold vs US Dollar”
Gold is testing the Tenkan-Sen line after an aggressive decline. The instrument is going below the Ichimoku Cloud, which suggests a bearish trend. A test of the Tenkan-Sen line at 1875 is expected, followed by a decline to 1840. An additional signal confirming the decline will be a rebound from the upper boundary of the bearish channel. The scenario can be cancelled by a breakout of the upper boundary of the Cloud with the price securing above 1910, which will mean further growth to 1945.
