XAUUSD, “Gold vs US Dollar”
Gold is rising within the bullish channel. The instrument is going above the Ichimoku Cloud, which suggests an uptrend. A test of the Kijun-Sen line at 2100 is expected, followed by a rise to 2145. 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 finding a foothold below 2045, which will signal a further decline to 2005.
USDCAD, “US Dollar vs Canadian Dollar”
USDCAD is rebounding from the support level. The pair is going above the Ichimoku Cloud, which suggests an uptrend. A test of the Tenkan-Sen line at 1.3565 is expected, followed by a rise to 1.3665. An additional signal confirming the rise might 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 gaining a foothold below 1.3505, which will indicate a further decline to 1.3410.
USDCHF, “US Dollar vs Swiss Franc”
USDCHF steadied above the signal lines of the indicator. The pair is going above the Ichimoku Cloud, suggesting an uptrend. A test of the Tenkan-Sen line at 0.8845 is expected, followed by a rise to 0.8985. An additional signal confirming the rise might 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 below 0.8765, indicating a further decline to 0.8675.
