GBPUSD, “Great Britain Pound vs US Dollar”
GBPUSD is pushing off the upper boundary of the descending channel. The instrument is going above the Ichimoku Cloud, which suggests an uptrend. A test of the upper boundary of the Cloud at 1.2655 is expected, followed by a rise to 1.2885. 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 securing under 1.2590, which will mean a further decline to 1.2495. Meanwhile, the growth could be confirmed by a breakout of the upper boundary of the long-term bearish channel with the price securing above 1.2750.
NZDUSD, “New Zealand Dollar vs US Dollar”
NZDUSD is correcting after a rebound from the resistance level. The instrument is going above the Ichimoku Cloud, which suggests an uptrend. A test of the lower boundary of the Cloud at 0.5930 is expected, followed by a rise to 0.6095. An additional signal confirming the rise will be 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 0.5900, which will mean a further decline to 0.5800. Meanwhile, the growth could be confirmed by a breakout of the upper boundary of the bearish channel with the price securing above 0.6000.
XAUUSD, “Gold vs US Dollar”
Gold has secured above the Tenkan-Sen line. The instrument is going above the Ichimoku Cloud, which suggests an uptrend. A test of the Tenkan-Sen line at 1930 is expected, followed by a rise to 1980. 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 securing under 1895, which will mean a further decline to 1870.
Source: Roboforex