USDCHF, “US Dollar vs Swiss Franc”
USDCHF is rebounding from the lower boundary of the descending channel. The instrument is going below the Ichimoku Cloud, which suggests a downtrend. A test of the Tenkan-Sen line at 0.8585 is expected, followed by a decline to 0.8475. An additional signal confirming the decline will be a rebound from the upper boundary of the bearish channel. The scenario can be cancelled by a breakout of the upper boundary of the Cloud with the price finding a foothold above 0.8745, which will mean further growth to 0.8835.
XAUUSD, “Gold vs US Dollar”
Gold has found a foothold above the upper boundary of the Triangle pattern. The instrument is going above the Ichimoku Cloud, which suggests an uptrend. A test of the Tenkan-Sen line at 2035 is expected, followed by a rise to 2105. An additional signal confirming the rise will be 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 finding a foothold under 2005, which will mean a further decline to 1965.
NZDUSD, “New Zealand Dollar vs US Dollar”
NZDUSD is rising within an ascending channel. The instrument is going above the Ichimoku Cloud, which suggests an uptrend. A test of the Kijun-Sen line at 0.6240 is expected, followed by a rise to 0.6385. An additional signal confirming the rise will be 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 finding a foothold under 0.6145, which will mean a further decline to 0.6055.
Source: Roboforex