EUR/USD, “Euro vs US Dollar”
EUR/USD has secured under the lower boundary of the bullish channel. The instrument is going below the Ichimoku Cloud, which suggests a downtrend. A test of the lower boundary of the Cloud at 1.0565 is expected, followed by a decline to 1.0425. An additional signal confirming the decline will be a rebound from the lower boundary of the ascending channel. The scenario can be cancelled by a breakout of the upper boundary of the Cloud with the price securing above 1.0585, which will mean further growth to 1.0675.
USD/JPY, “US Dollar vs Japanese Yen”
USD/JPY is growing within a bullish channel. The instrument is going above the Ichimoku Cloud, which suggests an uptrend. A test of the Tenkan-Sen line at 150.15 is expected, followed by a rise to 150.85. 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 149.75, which will mean a further decline to 148.85.
AUD/USD, “Australian Dollar vs US Dollar”
AUD/USD has left the boundaries of a Triangle pattern. The instrument is going below the Ichimoku Cloud, which suggests a downtrend. A test of the Tenkan-Sen line at 0.6305 is expected, followed by a decline to 0.6190. An additional signal confirming the decline will be a rebound from the lower boundary of the Triangle pattern. The scenario can be cancelled by a breakout of the upper boundary of the Cloud with the price securing above 0.6385, which will mean further growth to 0.6475.
