GBPUSD, “Great Britain Pound vs US Dollar”
GBPUSD has pushed off the upper border of the descending channel. The instrument is going inside the Ichimoku Cloud, which suggests a flat. A test of the upper border of the Cloud at 1.2170 is expected, followed by falling to 1.1875. A signal confirming the decline will be a bounce off the upper border of the descending channel. The scenario with falling can be cancelled by a breakaway of the upper border of the Cloud and securing above 1.2225, which will mean further growth to 1.2215. The decline can be confirmed by a breakaway of the lower border of the bullish channel and securing under 1.2045.
XAUUSD, “Gold vs US Dollar”
Gold is declining in a descending channel. The instrument is going below the Ichimoku Cloud, which suggests a downtrend. A test of the Kijun-Sen line of the Cloud at 1870 is expected, followed by falling to 1785. An additional signal confirming the decline will be a bounce off the upper border of the bearish channel. The scenario can be cancelled by a breakaway of the upper border of the Cloud and securing above 1920, which will mean further growth to 1955.
AUDUSD, “Australian Dollar vs US Dollar”
AUDUSD is correcting after a bounce off the resistance level. The instrument is going below the Ichimoku Cloud, which suggests a downtrend. A test of the lower border of the Cloud at 0.6955 is expected, followed by falling to 0.6775. An additional signal confirming the decline will be a bounce off the upper border of the descending channel. The scenario can be cancelled by a breakaway of the upper border of the Cloud and securing above 0.7025, which will mean further growth to 0.7115. The decline can be confirmed by a breakaway of the lower border of the bullish channel and securing under 0.6875.
Source: Roboforex