EURUSD, “Euro vs US Dollar”
EURUSD is testing the signal lines of the indicator. The instrument is going below the Ichimoku Cloud, which suggests a downtrend. A test of the Kijun-Sen line at 1.0825 is expected, followed by a decline to 1.0645. An additional signal confirming the decline will be a rebound from the upper border of the descending channel. The scenario can be cancelled by a breakout of the upper border of the Cloud, securing above 1.0965, which will mean further growth to 1.1055.
USDJPY, “US Dollar vs Japanese Yen”
USDJPY is correcting after a rebound from the upper border of the bullish channel. The instrument is going above the Ichimoku Cloud, which suggests an uptrend. A test of the Kijun-Sen line at 137.55 is expected, followed by a rise to 140.45. An additional signal confirming the rise will be a rebound from the lower border of the bullish channel. The scenario can be cancelled by a breakout of the lower border of the Cloud, securing under 134.35, which will mean a further decline to 133.45.
AUDUSD, “Australian Dollar vs US Dollar”
AUDUSD is pushing off the resistance level. The instrument is going below the Ichimoku Cloud, which suggests a downtrend. A test of the Kijun-Sen line at 0.6660 is expected, followed by a decline to 0.6525. An additional signal confirming the decline will be a rebound from the upper border of the descending channel. The scenario can be cancelled by a breakout of the upper border of the Cloud, securing above 0.6740, which will mean further growth to 0.6830. Meanwhile, the decline could be confirmed by a breakout of the lower border of the bullish channel, securing under 0.6590.
