GBPUSD, “Great Britain Pound vs US Dollar”
GBPUSD has rebounded from the resistance level. The pair is going above the Ichimoku Cloud, suggesting an uptrend. A test of the lower boundary of the Cloud is expected at 1.2690, followed by a rise to 1.2940. The growth could be additionally confirmed by a rebound from the upper boundary of the bearish channel. The scenario can be cancelled by a breakout of the lower boundary of the Cloud with the price securing under 1.2665, which will indicate a further decline to 1.2575.
BRENT
Brent has secured above the upper boundary of a bullish channel. The instrument is going above the Ichimoku Cloud, suggesting an uptrend. A test of the Tenkan-Sen line is expected at 85.05, followed by a rise to 87.75. The growth can be additionally confirmed by a rebound from the upper boundary of the ascending channel. The scenario can be cancelled by a breakout of the lower boundary of the Cloud with the price securing under 84.05, which will mean a further decline to 80.05.
USDCAD, “US Dollar vs Canadian Dollar”
USDCAD is correcting within a bullish channel. The instrument is going above the Ichimoku Cloud, suggesting an uptrend. A test of the lower boundary of the Cloud is expected at 1.3520, followed by a rise to 1.3630. The growth can be additionally confirmed by a rebound from the lower boundary of the bullish channel. The scenario can be cancelled by a breakout of the lower boundary of the Cloud with the price securing under 1.3495, which will indicate a further decline to 1.3405. Meanwhile, the growth could be confirmed by a breakout of the upper boundary of the bearish channel with the price securing above 1.3555.
Source: Roboforex