EURUSD, “Euro vs US Dollar”
EURUSD is about to break the bearish channel’s upside border. The instrument is currently moving above Ichimoku Cloud, thus indicating an ascending tendency. The markets could indicate that the price may test the cloud’s upside border at 1.0155 and then resume moving upwards to reach 1.0530. Another signal in favour of a further uptrend will be a rebound from the descending channel’s upside border. However, the bullish scenario may no longer be valid if the price breaks the cloud’s downside border and fixes below 1.0005. In this case, the pair may continue falling towards 0.9905. To confirm a further uptrend, the price must break the bearish channel’s upside border and fix above 1.0335.
USDCAD, “US Dollar vs Canadian Dollar”
USDCAD is rebounding from the support area. The instrument is currently moving below Ichimoku Cloud, thus indicating a descending tendency. The markets could indicate that the price may test Tenkan-Sen at 1.2910 and then resume moving downwards to reach 1.2675. Another signal in favour of a further downtrend will be a rebound from the rising channel’s downside border. However, the bearish scenario may no longer be valid if the price breaks the cloud’s upside border and fixes above 1.3105. In this case, the pair may continue growing towards 1.3205.
NZDUSD, “New Zealand Dollar vs US Dollar”
NZDUSD is growing within the bullish impulse. The instrument is currently moving above Ichimoku Cloud, thus indicating an ascending tendency. The markets could indicate that the price may test Tenkan-Sen at 0.6195 and then resume moving upwards to reach 0.6445. Another signal in favour of a further uptrend will be a rebound from the descending channel’s upside border. However, the bullish scenario may no longer be valid if the price breaks the cloud’s downside border and fixes below 0.6095. In this case, the pair may continue falling towards 0.6005.
Source: Roboforex
