EURUSD, “Euro vs US Dollar”
EURUSD is trading at 1.0940; the instrument is moving above Ichimoku Cloud, thus indicating a bullish tendency. The markets could indicate that the price may test Tenkan-Sen and Kijun-Sen at 1.0905 and then resume moving upwards to reach 1.1025. Another signal to confirm further ascending movement is the price’s rebounding from the rising channel’s downside border. However, the scenario that implies further growth may be canceled if the price breaks the cloud’s downside border and fixes below 1.0835. In this case, the pair may continue falling towards 1.0745.
GBPUSD, “Great Britain Pound vs US Dollar”
GBPUSD is trading at 1.2462; the instrument is moving above Ichimoku Cloud, thus indicating a bullish tendency. The markets could indicate that the price may test Tenkan-Sen and Kijun-Sen at 1.2430 and then resume moving upwards to reach 1.2610. Another signal to confirm further ascending movement is the price’s rebounding from the support level. However, the scenario that implies further growth may be canceled if the price breaks the cloud’s downside border and fixes below 1.2325. In this case, the pair may continue falling towards 1.2255.
AUDUSD, “Australian Dollar vs US Dollar”
AUDUSD is trading at 0.6345; the instrument is moving above Ichimoku Cloud, thus indicating a bullish tendency. The markets could indicate that the price may test Tenkan-Sen and Kijun-Sen at 0.6285 and then resume moving upwards to reach 0.6455. Another signal to confirm further ascending movement is the price’s rebounding from the rising channel’s downside border. However, the scenario that implies further growth may be canceled if the price breaks the cloud’s downside border and fixes below 0.6175. In this case, the pair may continue falling towards 0.6085.
Forecasts presented in this section only reflect the author’s private opinion and should not be considered as guidance for trading. RoboForex bears no responsibility for trading results based on trading recommendations described in these analytical reviews.