USDCHF, “US Dollar vs Swiss Franc”
USDCHF is trading at 0.9800; the instrument is moving above Ichimoku Cloud, thus indicating an ascending tendency. The markets could indicate that the price may test Tenkan-Sen and Kijun-Sen at 0.9745 and then resume moving upwards to reach 1.0045. 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 0.9585. In this case, the pair may continue falling towards 0.9495.
USDRUB, “US Dollar vs Russian Ruble”
USDRUB is trading at 79.42; the instrument is moving above Ichimoku Cloud, thus indicating an ascending tendency. The markets could indicate that the price may test Tenkan-Sen and Kijun-Sen at 76.70 and then resume moving upwards to reach 85.35. 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 70.15. In this case, the pair may continue falling towards 67.85.
USDJPY, “US Dollar vs Japanese Yen”
USDJPY is trading at 110.07; the instrument is moving above Ichimoku Cloud, thus indicating an ascending tendency. The markets could indicate that the price may test Tenkan-Sen and Kijun-Sen at 108.30 and then resume moving upwards to reach 113.15. 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 104.55. In this case, the pair may continue falling towards 103.05.
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.