Technical Analysis by RoboForex

[RoboForex]

Tech Analysis: EUR/USD, GBP/USD, USD/CHF, USD/JPY, AUD/USD, USD/RUB, GOLD, BRENT as of July 25, 2018
25.07.2018
EURUSD

EUR/USD has entered a consolidation range. Today, the price may fall to 1.1633. If the price goes up, the rise towards 1.1800 may follow. After that, the pair is likely to head down again, reaching 1.1570.

GBPUSD

GBP/USD has entered a consolidation range. If the price goes down, the trend may continue, with the price going to 1.2888. If the price goes up, the rise towards 1.3195 may follow. After this the downtrend may be expected.

USDCHF

USDCHF continues to rise.Today, the rise to 0.9980 may be expected with the subsequent fall to 0.9950, which will form a consolidation range.In case of a rise, the main possible scenario is the continuous uptrend to 1.020. In case of a fall we cannot exclude the price to reach 0.9880.

USDJPY

USDJPY has entered a consolidation range. If the price goes up, the correction towards 111.73 may follow If the price goes down, the downtrend may continue. The target is not at least at 110.30.

AUDUSD

AUDUSD has entered a consolidation range. If the price goes down it may reach 0.7285. If the price goes up the continuous correction towards 0.7474 may follow.

USDRUB

USDRUB price is falling to 62.42. Today the rise to 63.10 is possible, but later the price is likely to fall to 62.42. In practice we can expect the consolidation range to develop. If the downtrend continues the price may go down to 61.00. In case of an uptrend, the rise to 63.77 is possible. After this the downtrend may be expected.

GOLD

Gold has entered a consolidation range.In case of a fall the price may reach 1,205. In case of a rise the price may reach 1,239. After that, if gold continues to head down, it may reach 1205.

BRENT

Brent continues to trade within a consolidation range. At the moment the price is rising towards 74.22. Later, it may fall to 71.85. Аnd then, once a breakout occurs, the price is likely to go down to 69.33.

 

[RoboForex]

Fibonacci Analysis: AUD/USD and USD/CAD, July 26, 2018
26.07.2018
AUD/USD

On H4, for AUD/USD we can see that the market is developing a flat correction trend. The targets of the correction growth are Fibonacci levels of 23.6% (0.7504), 38.2% (0.7625) and 50.0% (0.7723). With the current dynamics, the support is the minimum - 0.7310.

On H1, for AUD/USD we can see the beginning of a downward correction trend after the divergence. The correction has reached Fibonacci level of 23.6% and may continue developing until it reaches 38.2%-61.8%. The maximum of 0.7464 is the resistance.

USD/CAD

On H4, for USD/CAD we can see that the market has finished the local growth impulse and has continued the medium-term downtrend. Fibonacci Levels of 38.2% and 50.0% (1.2952 and 1.2818) may be the target levels for further descent.The level of 1.3290 is the resistance.

On H1, for USD/CAD we can see the downtrend directed at the post-correction extension range of 138.2-161.8% according to Fibonacci (1.2978-1.2924). Considering the development of convergence, we can assume the possibility of a pullback after the descent targets have been reached. The medium-term pullback targets may be the levels of 23.6% (1.3011), 38.2% (1.3064) and 50.0% (1.3108).

 

[RoboForex]

Japanese Candlestick Analysis for EURUSD and USDJPY: July 26, 2018
26.07.2018
EURUSD

On H4, the pair has again reached the resistance level, where it has formed several reversal patterns like Hanging Man and Shooting Star. Here we can assume that this is another correction before further growth.

USDJPY

On H4, the pair has again reached the support level on which it has formed a Long-legged Doji and several Hammers.If we draw an analogy between these and previous movements, we can assume that this is another attempt for a bounce off.

 

[RoboForex]

Ichimoku Analysis: AUD/USD, NZD/USD, USD/CAD, July 26, 2018
26.07.2018
AUD/USD

The AUD/USD is trading at 0.7443 above the Ichimoku cloud, which means there's an uptrend forming. We expect a test of the upper cloud boundary at 0.7420, and then a further growth to 0.7510. This rise may be prevented in case the price breaks out the lower boundary of Ichimoku cloud and closes below 0.7385, which will be a signal for a further fall to 0.7305 and below. The rise of the price may be confirmed by the price bouncing off the support level.

NZD/USD

The NZD/USD is trading at 0.6840 above the Ichimoku cloud, which means there is an uptrend forming. We expect a test of the signal lines at 0.6820, and then a continuous rise to 0.6890. This rise may be prevented in case the price breaks out the lower boundary of Ichimoku cloud and closes below 0.6750, which will be a signal for a further fall to 0.6775. The rise of the price may be confirmed by the price bouncing off the lower border of the ascending channel.

USD/CAD

The USD/CAD is trading at 1.3033 below the Ichimoku cloud, which means there is a downtrend forming. We expect a test of the lower signal lines at 1.3055, and then a continuous fall to 1.2960. This fall may be prevented in case price breaks out the upper boundary and closes above 1.3125, which will be a signal for a further rise to 1.3195. The fall of the price may be confirmed by the price bouncing off the upper boundary of the descending channel.

 

[RoboForex]

Murrey Level Analysis for USD/CHF and GOLD: July 26, 2018
26.07.2018
USD/CHF

On H4, the USD/CHF is trading within a consolidation range between 3/8 and 5/8. Here we can expect the price to fall to the support at 3/8.

On H1, the charts show the same Murrey levels as on H4, and the likelihood of the price going down to 3/8 is confirmed here.

In case VoltyChannel lower line is broken out on M15, the price will be likely to go further down.

Gold

Once 3/8 gets broken out on H4, the price may rise further to reach the resistance at 5/8.

On H1, the price may fall to the support at 0/8. So long as the price is below 3/8 level, this forecast is the primary one.

On M15, the breakout of the lower line of VoltyChannel will increase the possibility of further price drop.

 

[RoboForex]

Technical Analysis: EUR/USD, GBP/USD, USD/CHF, USD/JPY, AUD/USD, USD/RUB, GOLD, BRENT as of July 26, 2018
26.07.2018
EURUSD

EUR/USD has broken out 1.1717 upwards and is now under pressure. Practically, in the market there still is a possibility of a correction to 1.1800.Today, we expect a new consolidation range with the growth to 1.757 and then with the fall to 1.1717. After that, it may rise 1.1800. Here there will be no more potential for correction. Then there is a downtrend to 1.1400.

GBPUSD

GBP/USD has reached its upmove target.Today, it may fall to 1.3075 and then rise to 1.3140. After this the new consolidation range may be expected. In case of a breakout downwards the price may reach 1.28888. In case a breakout upwards occurs, the price is likely to go up to 1.3230.

USDCHF

USD/CHF continues to strengthen. In case a breakout downwards occurs at 0.9900, the price is likely to go down to 0.9870. If the price goes up, the growth to 0.9990 may follow.

USDJPY

USD/JPY has broken out 110.95 downwards and continues to go down with the target at 110.30. After reaching this target we can expect the correction towards 111.73.

AUDUSD

AUD/USD has broken out 0.7430 upwards. We can expect it to grow up to 0.7472. Here there will be no more potential for growth. Later, it may fall to 0.7285. This is a strategic target.

USDRUB

USD/RUB price is falling to 62.49. After that, it may rise to 63.10, but later it is likely to fall to 61.61. With further breakout, the price may head lower to 60.16. This is a local target.

GOLD

The gold has broken out the consolidation range upwards. We can expect it to grow up to 1239. After that, it may fall to 1225. Once the this level is broken out top down, 1.206 may be reached.

BRENT

Brent oil has broken out 74 upwards. We can expect it to grow up to 75, but later it is likely to fall to 73. Practically, for now, the price is within the consolidation range at minimums. A further drop down to 71 cannot be excluded. All the downward waves are an alternative scenario involving correction. The main scenario is that there is going to be an uptrend towards 82.

 

[RoboForex]

Fibonacci Retracements Analysis 30.07.2018 (GOLD, USDCHF)
30.07.2018
XAUUSD, “Gold vs US Dollar”

As we can see in the H4 chart, XAUUSD has reached the retracement of 23.6% and right now is still trading sideways. The next upside targets may be the retracements of 38.2%, 50.0% and 61.8% at 1249.00, 1260.00, and 1272.00 respectively. The support level is the local low at 1211.37.

The H1 chart shows the more detailed structure of the current movement. The pair is expected to break the low and then continue falling towards the post-correctional extension area between the retracements of 138.2% and 161.8% at 1202.40 and 1196.50 respectively.

USDCHF, “US Dollar vs Swiss Franc”

As we can see in the H4 chart, the divergence made USDCHF reverse and start a new correction downwards, which has already reached the retracement of 23.6% and may continue towards the ones of 38.2% and 50.0%. The key resistance level is at 1.0068. if the price breaks it, the instrument may continue growing towards the post-correctional extension area between the retracements of 138.2% and 161.8% at 1.0155 and 1.0218 respectively.

In the H1 chart, the pair is being corrected sideways.

 

[RoboForex]

Japanese Candlesticks Analysis 30.07.2018 (USDCAD, AUDUSD)
30.07.2018
USDCAD, “US Dollar vs Canadian Dollar”

As we can see in the H4 chart, USDCAD continues growing; from time to time, it forms slight pullbacks and forms Hammer and Doji reversal patterns. Right now, it may be assumed that the instrument continues trading upwards.

AUDUSD, “Australian Dollar vs US Dollar”

As we can see in the H4 chart, AUDUSD continues moving sideways with pullbacks towards support and resistance levels, where it is forming Doji, Hammer, and Engulfing reversal patterns. Right now, the pair is being corrected again. Judging by the previous movements, it may be assumed that the instrument may complete the correction and then continue moving upwards.

 

[RoboForex]

Ichimoku Cloud Analysis 30.07.2018 (AUDUSD, NZDUSD, USDCAD)
30.07.2018
AUDUSD, “Australian Dollar vs US Dollar”

AUDUSD is trading at 0.7391; the instrument is moving above Ichimoku Cloud, which means that it may continue growing. The markets could indicate that the price may test the upside border of the cloud at 0.7385 and then resume moving upwards to reach 0.7495. However, the scenario that Implies further growth may be cancelled if the price breaks the downside border of the cloud and fixes below 0.7365. In this case, the pair may continue falling towards 0.7305. After breaking the upside border of the Triangle pattern and fixing above 0.7465, the price may continue moving upwards.

NZDUSD, “New Zealand Dollar vs US Dollar”

NZDUSD is trading at 0.6800; the instrument is moving above Ichimoku Cloud, which means that it may continue growing. The markets could indicate that the price may test the upside border of the cloud at 0.6780 and then continue moving upwards to reach 0.6895. However, the scenario that implies further growth may be cancelled if the price breaks the downside border of the cloud and fixes below 0.6760. In this case, the pair may continue falling towards 0.6735. After breaking the upside border of the Triangle pattern and fixing above 0.6855, the price may continue moving upwards.

USDCAD, “US Dollar vs Canadian Dollar”

USDCAD is trading at 1.3062; the instrument is moving below Ichimoku Cloud, which means that it may continue falling. The markets could indicate that the price may test Tenkan-Sen and Kijun-Sen at 1.3070 and then continue moving downwards to reach 1.2950. Another signal to confirm further descending movement is the price’s rebounding from the channel’s upside border. However, the scenario that implies further decline may be cancelled if the price breaks the upside border of the cloud and fixes above 1.3160. In this case, the pair may continue growing towards 1.3305.

 

[RoboForex]

Murrey Math Lines 30.07.2018 (EURUSD, GBPUSD)
30.07.2018
EURUSD, “Euro vs. US Dollar”

In the H4 chart, EURUSD is trading close to the 3/8 level. In this case, the price may resume trading both upwards and downwards. If the pair breaks the resistance at 1.1664, the instrument may grow towards the 4/8 level. In case of breaking the support at 1.1650, the market may resume falling to reach 1.1535.

As we can see in the M15 chart, the pair has broken the downside line of the VoltyChannel indicator and, as a result, may continue moving downwards. However, if the price breaks the upside line, the tendency may change. In this case, the instrument is expected to grow towards the resistance at 1.1718.

GBPUSD, “Great Britain Pound vs US Dollar”

As we can see in the H4 chart, GBPUSD failed to break the 3/8 level last Friday. In this case, the price is expected to resume falling towards the support at the 1/8 level.

In the H1 chart, the price may continue falling towards the support at the 5/8 one.

As we can see in the M15 chart, the pair has broken the downside line of the VoltyChannel indicator and, as a result, may continue moving downwards.

 

[RoboForex]

Forex Technical Analysis & Forecast 30.07.2018 (EURUSD, GBPUSD, USDCHF, USDJPY, AUDUSD, USDRUB, GOLD, BRENT)
30.07.2018
EURUSD, “Euro vs US Dollar”

EURUSD is consolidating around 1.1658. According to the main scenario, the instrument may trade downwards to break 1.1570 and then continue falling with the short-term target at 1.1430.

GBPUSD, “Great Britain Pound vs US Dollar”

GBPUSD is forming the first descending impulse with the target at 1.3055. Later, the market may grow to reach 1.3130 and then resume trading to the downside with the target at 1.2888.

USDCHF, “US Dollar vs Swiss Franc”

USDCHF is still consolidating around 0.9940; right now, it is forming the structure to reach 0.9980. Later, the market may fall to return to 0.9940, thus forming another consolidation range. If later the instrument breaks this range to the downside, the price may continue trading downwards to reach 0.9870; if to the upside – form a new ascending structure with the target at 0.9999. The main upside target is at 1.0120.

USDJPY, “US Dollar vs Japanese Yen”

USDJPY is consolidating around 111.15. If later the instrument breaks this range to the upside, the price may continue trading upwards to reach 111.73; if to the downside – continue falling towards 110.10.

AUDUSD, “Australian Dollar vs US Dollar”

AUDUSD is moving upwards to reach 0.7416. After that, the instrument may form another descending structure towards 0.7285.

USDRUB, “US Dollar vs Russian Ruble”

USDRUB is falling towards 62.48. Later, the market may form a new ascending structure to reach 63.10 and then fall to break 61.61. After that, the instrument may continue trading to the downside with the short-term target at 60.16.

XAUUSD, “Gold vs US Dollar”

Gold is falling to reach 1218.00. Today, the price may break this level and continue falling towards 1209.00. Later, the market may return to 1218.00 and then resume trading to the downside with the target at 1206.00.

BRENT

Brent is moving upwards. Possibly, the pair may grow to reach 75.30. Later, the market may start another correction towards 73.15 and then trade upwards to reach 74.70, thus forming a new consolidation range. If later the instrument breaks this range to the upside, the price may continue the uptrend towards 82.00; if to the downside – continue the correction with the target at 70.50.

 

[RoboForex]

Fibonacci Retracements Analysis 31.07.2018 (EURUSD, USDJPY)
31.07.2018
EURUSD, “Euro vs US Dollar”

As we can see in the H4 chart, the mid-term sideways movement continues. The most probable targets may be the retracements of 38.2% and 50.0% at 1.1853 and 1.1960 respectively. However, if EURUSD breaks the low at 1.1508, it may continue falling towards the post-correctional extension area between the retracements of 138.2% and 161.8% at 1.1377 and 1.1296 respectively.

In the H1 chart, the pair is moving upwards. The short-term target is the high at 1.1750. After breaking it, the instrument may continue growing towards the post-correctional extension area between the retracements of 138.2% and 161.8% at 1.1810 and 1.1854 respectively.

USDJPY, “US Dollar vs. Japanese Yen”

As we can see in the H4 chart, USDJPY is trading downwards and has already reached the retracement of 23.6%. The next downside targets may be the retracements of 38.2%, 50.0%, and 61.8% at 109.90, 108.89, and 107.89 respectively. The resistance level is the high at 113.17.

In the H1 chart, the pair is being corrected upwards and may soon reach the retracement of 38.2% at 111.57. The next possible target is the retracement of 50.0% at 111.88. the support level is the low at 110.58.

 

[RoboForex]

Murrey Math Lines 31.07.2018 (AUDUSD, NZDUSD)
31.07.2018
AUDUSD, “Australian Dollar vs US Dollar”

In the H4 chart, the pair is expected to test the 4/8 level, rebound from it, and then resume falling towards the support at the 2/8 one.

As we can see in the H1 chart, the pair may test the resistance at the 8/8 level, rebound from it, and then resume trading downwards to reach the 5/8 one.

NZDUSD, “New Zealand Dollar vs US Dollar”

As we can see in the H4 chart, NZDUSD is consolidating. In this case, the instrument may break the 4/8 level and then continue growing towards the resistance at the 5/8 one.

In the H1 chart, the pair may rebound from the resistance at the 8/8 level and then resume trading to reach the support at the 5/8 one.

 

[RoboForex]

Ichimoku Cloud Analysis 31.07.2018 (AUDUSD, NZDUSD, USDCAD)
31.07.2018
AUDUSD, “Australian Dollar vs US Dollar”

AUDUSD is trading at 0.7422; the instrument is moving above Ichimoku Cloud, which means that it may continue growing. The markets could indicate that the price may test the upside border of the cloud at 0.7415 and then resume moving upwards to reach 0.7515. However, the scenario that Implies further growth may be cancelled if the price breaks the downside border of the cloud and fixes below 0.7370. In this case, the pair may continue falling towards 0.7305. After breaking the upside border of the Triangle pattern and fixing above 0.7465, the price may continue moving upwards.

NZDUSD, “New Zealand Dollar vs US Dollar”

NZDUSD is trading at 0.6823; the instrument is moving above Ichimoku Cloud, which means that it may continue growing. The markets could indicate that the price may test the upside border of the cloud at 0.6800 and then continue moving upwards to reach 0.6895. However, the scenario that implies further growth may be cancelled if the price breaks the downside border of the cloud and fixes below 0.6760. In this case, the pair may continue falling towards 0.6735. After breaking the upside border of the Triangle pattern and fixing above 0.6855, the price may continue moving upwards.

USDCAD, “US Dollar vs Canadian Dollar”

USDCAD is trading at 1.3049; the instrument is moving below Ichimoku Cloud, which means that it may continue falling. The markets could indicate that the price may test Tenkan-Sen and Kijun-Sen at 1.3065 and then continue moving downwards to reach 1.2930. Another signal to confirm further descending movement is the price’s rebounding from the channel’s upside border. However, the scenario that implies further decline may be cancelled if the price breaks the upside border of the cloud and fixes above 1.3160. In this case, the pair may continue growing towards 1.3305.

 

[RoboForex]

Japanese Candlesticks Analysis 31.07.2018 (EURUSD, USDJPY)
31.07.2018
EURUSD, “Euro vs. US Dollar”

As we can see in the H4 chart, EURUSD has reached the resistance level once again and formed several Hanging Man and Harami reversal patterns there. At the moment, it may be assumed that the instrument is being corrected before starting another ascending movement.

USDJPY, “US Dollar vs. Japanese Yen”

As we can see in the H4 chart, USDJPY is still trading close to the support level and forming Doji and Engulfing reversal patterns. Judging by the previous movement, it may be assumed that the instrument may complete its sideways movement soon and rebound from the support level.

Back to list

 

[RoboForex]

Forex Technical Analysis & Forecast 31.07.2018 (EURUSD, GBPUSD, USDCHF, USDJPY, AUDUSD, USDRUB, GOLD, BRENT)
31.07.2018
EURUSD, “Euro vs US Dollar”

EURUSD is consolidating. Possibly, today the pair may grow to reach 1.1719 and then trade downwards with the target at 1.1614. After that, the instrument may resume growing towards 1.1680.

GBPUSD, “Great Britain Pound vs US Dollar”

GBPUSD has completed the descending impulse along with the correction. Today, the price may fall towards 1.3077. Later, the market may break this level and then continue trading to the downside to reach the short-term target at 1.2999.

USDCHF, “US Dollar vs Swiss Franc”

USDCHF is moving downwards. Possibly, the pair may reach the short-term target at 0.9870 and then return to 0.9955. After that, the instrument may start another correction towards 0.9844 and then form a new ascending structure with the target at 1.0060.

USDJPY, “US Dollar vs Japanese Yen”

USDJPY is consolidating around 111.24. If later the instrument breaks this range to the upside, the price may trade upwards to reach 111.73; if to the downside – continue falling towards 110.10.

AUDUSD, “Australian Dollar vs US Dollar”

AUDUSD is moving upwards. Possibly, the pair may reach 0.7477. After that, the instrument may form another descending structure towards 0.7285.

USDRUB, “US Dollar vs Russian Ruble”

USDRUB has reached the target of the descending structure and right is still moving downwards to continue the third wave. Possibly, the pair may break 61.61. The short-term target is at 59.63.

XAUUSD, “Gold vs US Dollar”

Gold is consolidating near the lows. Today, the price may continue falling towards 1207.00. Later, the market may return to 1221.00 and then resume trading to the downside with the target at 1205.00.

BRENT

Brent has reached its upside target. Possibly, today the pair may fall to reach 74.46. Later, the market may form a new ascending structure towards 76.33 and then start another correction with the target at 73.15.

 

[RoboForex]

Forex Technical Analysis & Forecast 01.08.2018 (EURUSD, GBPUSD, USDCHF, USDJPY, AUDUSD, USDRUB, GOLD, BRENT)
01.08.2018
EURUSD, “Euro vs US Dollar”

EURUSD has finished the descending impulse. Possibly, today the pair may grow to reach 1.1711 and then trade downwards with the target at 1.1647. After that, the instrument may resume growing towards 1.1680 and then fall to reach 1.1614.

GBPUSD, “Great Britain Pound vs US Dollar”

GBPUSD is moving downwards. Today, the price may fall to break 1.3076 and then continue trading to the downside to reach the short-term target at 1.2982.

USDCHF, “US Dollar vs Swiss Franc”

USDCHF has competed the ascending impulse. Possibly, today the pair may start another correction towards 0.9900 and then form a new ascending structure with the short-term target at 0.9955.

USDJPY, “US Dollar vs Japanese Yen”

USDJPY has almost finished the ascending correctional structure. Today, the price may fall to reach 111.44 and then form a new ascending structure towards 112.30. Later, the market may continue falling with the first target at 110.10.

AUDUSD, “Australian Dollar vs US Dollar”

AUDUSD is moving downwards. Possibly, the pair may reach 0.7366. After that, the instrument may break this level and then form another descending structure towards the short-term target at 0.7290.

USDRUB, “US Dollar vs Russian Ruble”

USDRUB is consolidating around 62.37. If later the instrument breaks this range to the upside, the price may start another correction towards 63.06; if to the downside – continue falling to reach 61.61.

XAUUSD, “Gold vs US Dollar”

Gold is consolidating near the lows. Possibly, the pair may continue falling towards 1207.00. Later, the market may return to 1221.00 and then resume trading to the downside with the target at 1205.00.

BRENT

Brent is falling with the target at 73.15. Possibly, today the pair may grow to reach 74.44. After that, the instrument may form another descending structure towards 73.15 and then start a new growth with the target at 76.00.

 

[RoboForex]

Murrey Math Lines 01.08.2018 (USDJPY, USDCAD)
01.08.2018
USDJPY, “US Dollar vs. Japanese Yen”

In the H4 chart, USDJPY may break the 7/8 level and then continue growing to reach resistance at the +1/8 one.

The lines in the H4 and H1 charts are completely the same and confirm the scenario described above.

As we can see in the M15 chart, the pair has broken the upside line of the VoltyChannel indicator and, as a result, may continue moving upwards.

USDCAD, “US Dollar vs Canadian Dollar”

In the H4 chart, USDCAD may break the 2/8 level and then continue growing towards the resistance at the 3/8 one.

As we can see in the H1 chart, the price has rebounded from the support at the 5/8 level and may continue growing towards the resistance at the 8/8 one.

 

[RoboForex]

Japanese Candlesticks Analysis 01.08.2018 (GOLD, NZDUSD)
01.08.2018
XAUUSD, “Gold vs US Dollar”

As we can see in the H4 chart, XAUUSD is still trading close to the support level and forming Hammer, Doji, and Inverted Hammer reversal patterns there. Judging by the previous movements, it may be assumed that the price may finish the correction soon, rebound from the support level, and then start a new ascending tendency.

NZDUSD, “New Zealand vs. US Dollar”

As we can see in the H4 chart, NZDUSD is still trading upwards. Right now, the pair is being corrected again and forming Hammer and Doji reversal patterns. Judging by the previous movements, it may be assumed that the instrument may be corrected for a while and then resume the uptrend.

 

[RoboForex]

Ichimoku Cloud Analysis 01.08.2018 (AUDUSD, NZDUSD, USDCAD)
01.08.2018
AUDUSD, “Australian Dollar vs US Dollar”

AUDUSD is trading at 0.7405; the instrument is moving inside Ichimoku Cloud, which means that it is moving sideways. The markets could indicate that the price may test the downside border of the cloud at 0.7385 and then resume moving upwards to reach 0.7450. However, the scenario that Implies further growth may be cancelled if the price breaks the downside border of the cloud and fixes below 0.7370. In this case, the pair may continue falling towards 0.7305. After breaking the upside border of the Triangle pattern and fixing above 0.7465, the price may continue moving upwards.

NZDUSD, “New Zealand Dollar vs US Dollar”

NZDUSD is trading at 0.6789; the instrument is moving inside Ichimoku Cloud, which means that it is moving sideways. The markets could indicate that the price may test the downside border of the cloud at 0.6780 and then continue moving upwards to reach 0.6835. However, the scenario that implies further growth may be cancelled if the price breaks the downside border of the cloud and fixes below 0.6760. In this case, the pair may continue falling towards 0.6735. After breaking the upside border of the Triangle pattern and fixing above 0.6855, the price may continue moving upwards.

USDCAD, “US Dollar vs Canadian Dollar”

USDCAD is trading at 1.3023; the instrument is moving below Ichimoku Cloud, which means that it may continue falling. The markets could indicate that the price may test Tenkan-Sen and Kijun-Sen at 1.3025 and then continue moving downwards to reach 1.2905. Another signal to confirm further descending movement is the price’s rebounding from the channel’s upside border. However, the scenario that implies further decline may be cancelled if the price breaks the upside border of the cloud and fixes above 1.3145. In this case, the pair may continue growing towards 1.3305.