EUR/USD, the Euro against the US Dollar
The EUR/USD has secured above the indicator’s signal lines. The instrument has dropped below the Ichimoku Cloud, indicating a bearish trend. A test of the cloud’s lower border at 1.0865 is expected, followed by a decline to 1.0725. A rebound from the upper border of the bearish channel will be another signal to confirm the decline. The scenario can be canceled by a break of the upper boundary of the cloud, with the price finding a foothold above 1.0930, which will mean further growth to 1.1025.
NZD/USD, New Zealand Dollar vs. US Dollar
The NZD/USD is correcting after bouncing off resistance. The instrument is rising above the Ichimoku Cloud, which indicates an upward trend. A test of the Tenkan-Sen line at 0.6125 is expected, followed by a rise to 0.6325. A rebound from the lower border of the bullish channel would be another signal to confirm the rise. The scenario can be canceled by a break of the lower boundary of the cloud with the price finding a foothold below 0.6055, which will mean a further decline to 0.5965.
USD/CHF, US Dollar vs. Swiss Franc
The USD/CHF breached the border of the descending channel. The instrument is rising above the Ichimoku cloud, which indicates a bullish trend. A test of the cloud’s lower border at 0.8705 is expected, followed by a rise to 0.8815. Another signal to confirm the rise will be a rebound from the upper border of the bearish channel. The scenario can be canceled by a break of the lower boundary of the cloud with the price finding a foothold below 0.8675, which will mean a further decline to 0.8585. Meanwhile, a breakout above the neckline of the head and shoulders pattern with a foothold above 0.8765 could confirm the growth.
