GBPUSD, “Great Britain Pound vs US Dollar”
GBPUSD has consolidated under the indicator’s signal lines. The pair is moving above the Ichimoku Cloud, suggesting an uptrend. A test of the upper boundary of the Cloud at 1.2685 is expected, followed by a rise to 1.2865. A rebound from the lower boundary of the bullish channel would be an additional signal confirming the increase. This scenario could be invalidated by a breakout below the lower boundary of the Cloud, with the price securing below 1.2545, indicating a potential decline to 1.2455.
AUDUSD, “Australian Dollar vs US Dollar”
AUDUSD is testing the lower boundary of the descending channel. The pair is moving below the Ichimoku Cloud, suggesting a downtrend. A test of the lower boundary of the Cloud at 0.6645 is expected, followed by a fall to 0.6475. A rebound from the upper boundary of the bearish channel would be an additional signal confirming the fall. This scenario could be invalidated by a breakout above the upper boundary of the Cloud, with the price securing above 0.6705, indicating a potential rise to 0.6805.
XAUUSD, “Gold vs US Dollar”
Gold is undergoing a correction after an aggressive fall. The instrument is moving below the Ichimoku Cloud, suggesting a downtrend. A test of the Kijun-Sen line at 2355 is expected, followed by a fall to 2255. An additional signal confirming the decline would be a rebound from the upper boundary of the bearish channel. The scenario could be invalidated by a breakout above the upper boundary of the Cloud, with the price securing above 2420, indicating a further rise to 2475. Conversely, a decline could be confirmed by a breakout below the lower boundary of the bullish channel, with the price establishing itself below 2295.
Source: Roboforex
