EURUSD, “Euro vs US Dollar”
EURUSD is rebounding from the indicator’s signal lines. The pair is going above the Ichimoku Cloud, which suggests an uptrend. A test of the Kijun-Sen line at 1.0905 is expected, followed by a rise to 1.1075. 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 finding a foothold below 1.0810, which will indicate a further decline to 1.0720.
USDCAD, “US Dollar vs Canadian Dollar”
USDCAD is testing the lower boundary of the bullish channel. The pair is going below the Ichimoku Cloud, which suggests a downtrend. A test of the Tenkan-Sen line at 1.3495 is expected, followed by a decline to 1.3385. An additional signal confirming the decline could 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 1.3595, which will indicate further growth to 1.3685.
AUDUSD, “Australian Dollar vs US Dollar”
AUDUSD is undergoing a correction following a rebound from the upper boundary of the bullish channel. The pair is going above the Ichimoku Cloud, which suggests an uptrend. A test of the Cloud’s upper boundary at 0.6565 is expected, followed by a rise to 0.6720. 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 finding a foothold below 0.6495, which will indicate a further decline to 0.6405.
