GBPUSD, “Great Britain Pound vs US Dollar”
GBPUSD is correcting after plummeting earlier. The instrument is currently moving below Ichimoku Cloud, thus indicating a descending tendency. The markets could indicate that the price may test Kijun-Sen at 1.0905 and then resume moving downwards to reach 1.0105. Another signal in favour of a further downtrend will be a rebound from the descending channel’s upside border. However, the bearish scenario may no longer be valid if the price breaks the cloud’s upside border and fixes above 1.1535. In this case, the pair may continue growing towards 1.1625.
USDCHF, “US Dollar vs Swiss Franc”
USDCHF is rebounding from the support level. The instrument is currently moving above Ichimoku Cloud, thus indicating an ascending tendency. The markets could indicate that the price may test Kijun-Sen at 0.9815 and then resume moving upwards to reach 1.0150. Another signal in favour of a further uptrend will be a rebound from the rising channel’s downside border. However, the bullish scenario may no longer be valid if the price breaks the cloud’s downside border and fixes below 0.9605. In this case, the pair may continue falling towards 0.9515.
AUDUSD, “Australian Dollar vs US Dollar”
AUDUSD is testing Tenkan-Sen. The instrument is currently moving below Ichimoku Cloud, thus indicating a descending tendency. The markets could indicate that the price may test Kijun-Sen at 0.6545 and then resume moving downwards to reach 0.6305. Another signal in favour of a further downtrend will be a rebound from the descending channel’s upside border. However, the bearish scenario may no longer be valid if the price breaks the cloud’s upside border and fixes above 0.6765. In this case, the pair may continue growing towards 0.6885.
Source: Roboforex
