EURUSD, “Euro vs US Dollar”
EURUSD is testing 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 1.0840 is expected, followed by growth to 1.1055. An additional signal confirming the growth will be a bounce off the lower border of the bullish channel. The scenario can be cancelled by a breakaway of the lower border of the Cloud and securing under 1.0775, which will mean further falling to 1.0685.
USDJPY, “US Dollar vs Japanese Yen”
USDJPY is correcting in a descending channel. The instrument is going above the Ichimoku Cloud, which suggests an uptrend. A test of the lower border of the Cloud at 129.65 is expected, followed by growth to 134.10. An additional signal confirming the growth will be a bounce off the lower border of the bullish channel. The scenario can be cancelled by a breakaway of the lower border of the Cloud and securing under 128.65, which will mean further falling to 127.75. The growth can be confirmed by a breakaway of the upper border of the descending channel and securing above 131.45.
USDCAD, “US Dollar vs Canadian Dollar”
USDCAD has secured under the support level. The instrument is going below the Ichimoku Cloud, which suggests a downtrend. A test of the Kijun-Sen line of the Cloud at 1.3360 is expected, followed by falling to 1.3165. An additional signal confirming the decline will be a bounce off the upper border of the descending channel. The scenario can be cancelled by a breakaway of the upper border of the Cloud and securing above 1.3465, which will mean further growth to 1.3555.
Source: Roboforex
