GBPUSD, “Great Britain Pound vs US Dollar”
GBPUSD is pushing off the signal lines of the indicator. The instrument is going above the Ichimoku Cloud, which suggests an uptrend. A test of the upper border of the Cloud at 1.2705 is expected, followed by a rise to 1.2870. An additional signal confirming the rise will be a rebound from the lower border of the bullish channel. The scenario can be cancelled by a breakout of the lower border of the Cloud with the price securing under 1.2635, which will mean a further decline to 1.2545.
NZDUSD, “New Zealand Dollar vs US Dollar”
NZDUSD is correcting after a rebound from the resistance. The instrument is going above the Ichimoku Cloud, which suggests an uptrend. A test of the upper border of the Cloud at 0.6145 is expected, followed by a rise to 0.6260. An additional signal confirming the rise will be a rebound from the upper border of the bearish channel. The scenario can be cancelled by a breakout of the lower border of the Cloud with the price securing under 0.6105, which will mean a further decline to 0.6010.
USDCAD, “US Dollar vs Canadian Dollar”
USDCAD is growing aggressively in a bullish channel. The instrument is going above the Ichimoku Cloud, which suggests an uptrend. A test of the Tenkan-Sen line at 1.3305 is expected, followed by a rise to 1.3495. An additional signal confirming the rise will be a rebound from the lower border of the bullish channel. The scenario can be cancelled by a breakout of the lower border of the Cloud with the price securing under 1.3175, which will mean a further decline to 1.3080.
Source: Roboforex