Technical Analysis by RoboForex

[RoboForex]

Japanese Candlesticks Analysis 13.06.2018 (USDCAD, AUDUSD)
13.06.2018
USDCAD, “US Dollar vs Canadian Dollar”

As we can see in the H4 chart, USDCAD is testing the resistance level and forming Shooting Star and Hanging Man reversal patterns. Judging by the previous movements, at the moment it may be assumed that the instrument may rebound from the resistance level once again.

AUDUSD, “Australian Dollar vs US Dollar”

As we can see in the H4 chart, AUDUSD is still moving upwards and forming Hammer and Inverted Hammer reversal patterns during corrections. Right now, the price is being corrected once again. Judging by the previous movements, it may be assumed that after finishing the correction the instrument may resume trading upwards.

 

[RoboForex]

Forex Technical Analysis & Forecast 13.06.2018 (EURUSD, GBPUSD, USDCHF, USDJPY, AUDUSD, USDRUB, GOLD, BRENT)
13.06.2018
EURUSD, “Euro vs US Dollar”

EURUSD has reached 1.1733 and completed the half of the third descending wave. Possibly, today the price may consolidate near the lows. If later the pair breaks this range to the downside, the market may fall towards 1.1700 and then grow to reach 1.1740. After that, the instrument may continue falling inside the downtrend with the short-term target at 1.1664.

GBPUSD, “Great Britain Pound vs US Dollar”

GBPUSD is falling to reach 1.3300. After that, the instrument may grow towards 1.3390 and then start another decline with the target at 1.3244.

USDCHF, “US Dollar vs Swiss Franc”

USDCHF is growing towards 0.9900. Later, the market may fall towards 0.9845 and then grow to reach the short-term target at 0.9960.

USDJPY, “US Dollar vs Japanese Yen”

USDJPY is still growing and expanding its range upwards. Possibly, the price may reach 110.75. After that, the instrument may fall towards 109.55, break it, and then continue this decline with the target at 107.90.

AUDUSD, “Australian Dollar vs US Dollar”

AUDUSD has broken its consolidation range upwards. Possibly, the price may fall to reach 0.7542 and then grow towards 0.7582. Later, the market may continue falling inside the downtrend with the target at 0.7488.

USDRUB, “US Dollar vs Russian Ruble”

USDRUB is still consolidating around 62.00. Possibly, today the price may try to expand the range towards 63.21 and then form a new descending structure to reach 61.57. After that, the instrument may break this level and then continue trading to the downside with the short-term target at 60.00.

XAUUSD, “Gold vs US Dollar”

Gold is being corrected and forming the Flag pattern. Today, the price may fall towards 1288.00, break it, and then continue this decline to reach the short-term target at 1275.00. However, the instrument may choose an alternative scenario to return to 1304.00 once again and then resume falling to reach 1240.00.

BRENT

Brent is consolidating around 76.18. Possibly, the price may fall to reach 74.92 and then resume growing to reach the first target at 78.30. Later, the market may form a new descending structure to return to 75.80 and then grow with the short-term target at 80.50.

 

[RoboForex]

Fibonacci Retracements Analysis 18.06.2018 (GOLD, USDCHF)
18.06.2018
XAUUSD, “Gold vs US Dollar”

As we can see in the H4 chart, after being corrected to the upside by 38.2%, XAUUSD has broken the low and started a new descending impulse. The main target of the current downtrend is the post-correctional extension area between the retracements of 138.2% and 161.8% at 1271.90 and 1265.60 respectively.

In the H1 chart, the pair is trading towards the post-correctional extension area between the retracements of 138.2% and 161.8% at 1271.90 and 1265.60 respectively.

USDCHF, “US Dollar vs Swiss Franc”

As we can see in the H4 chart, the convergence made USDCHF complete the downtrend, reverse, and start a new rising impulse, which has already reached the retracement of 76.0% at 0.9992. After breaking the high at 1.0056, the price may reach the post-correctional extension area between the retracements of 138.2% and 161.8% at 1.0106 and 1.0224 respectively. The support level is at 0.9817.

In the H1 chart, the pair is trading towards the retracement of 76.0% at 0.9992. Later, the price may break this level and continue growing to reach the high at 1.0056.

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[RoboForex]

Japanese Candlesticks Analysis 18.06.2018 (USDCAD, AUDUSD)
18.06.2018
USDCAD, “US Dollar vs Canadian Dollar”

As we can see in the H4 chart, USDCAD is testing the resistance level and forming Shooting Star and Stick Sandwich reversal patterns. Judging by the previous movements, at the moment it may be assumed that the instrument may rebound from the resistance level once again and then resume falling.

AUDUSD, “Australian Dollar vs US Dollar”

As we can see in the H4 chart, AUDUSD has reached the support level once again and formed several Hammer, Doji, and Inverted Hammer reversal patterns. Judging by the previous movements, it may be assumed that the instrument may rebound from the level again.

 

[RoboForex]

Fibonacci Retracements Analysis 20.06.2018 (GBPUSD, EURJPY)
20.06.2018
GBPUSD, “Great Britain Pound vs US Dollar”

As we can see in the H4 chart, GBPUSD has broken the short-term low and right now is still being corrected downwards. The targets of this decline may be inside the post-correctional extension area between the retracements of 138.2% and 161.8% at 1.3102 and 1.3040 respectively. The resistance level is at 1.3480.

In the H1 chart, the pair is falling towards the post-correctional extension area between. At the same time, the convergence is being formed, which indicates a possible pullback after the price reaches its targets.

EURJPY, “Euro vs. Japanese Yen”

As we can see in the H4 chart, EURJPY has already been corrected by 61.8% and may continue trading towards the retracement of 76.0% at 126.00, the short-term upside targets are at 128.15 and 129.00.

In the H1 chart, the convergence made the pair reverse and start a new correction to the upside, which has already reached the retracement of 23.6%. In the future, this growth may continue towards the retracements of 38.2%, 50.0%, and 61.8% at 128.97, 128.50, and 128.93 respectively.

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[RoboForex]

Murrey Math Lines 20.06.2018 (USDJPY, USDCAD)
20.06.2018
USDJPY, “US Dollar vs. Japanese Yen”

In the H4 chart, USDJPY is expected to test the support at the 5/8 level. If the price rebounds from it, the instrument may continue falling to reach the 3/8 one.

In the H1 chart, the pair may test the resistance at the 5/8 level, rebound from it, and then continue trading towards the support at the 0/8 one.

USDCAD, “US Dollar vs Canadian Dollar”

As we can see in the H4 chart, USDCAD is trading inside the “overbought zone”. In this case, the price may break the +1/8 level and resume falling towards the 7/8 one.

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

In the M15 chart, the pair may break the downside line of the VoltyChannel indicator and, as a result, continue moving downwards to reach 1.3122.

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[RoboForex]

apanese Candlesticks Analysis 20.06.2018 (GOLD, NZDUSD)
20.06.2018
XAUUSD, “Gold vs US Dollar”

As we can see in the H4 chart, after breaking the support level, XAUUSD has formed several Hammer and Inverted Hammer reversal patterns. Judging by the previous movements, it may be assumed that the price may trying to rebound and start a new ascending tendency.

NZDUSD, “New Zealand vs. US Dollar”

As we can see in the H4 chart, after reaching the support level, NZDUSD has formed several Hammer and Inverted Hammer reversal patterns. At the moment, it may be assumed that the instrument may complete the pullback and continue the uptrend.

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[RoboForex]

Ichimoku Cloud Analysis 20.06.2018 (AUDUSD, NZDUSD, USDCAD)
20.06.2018
AUDUSD, “Australian Dollar vs US Dollar”

AUDUSD is trading at 0.7404; 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 0.7430 and then continue moving downwards to reach 0.7270. 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 0.7500. In this case, the pair may continue growing towards 0.7585.

NZDUSD, “New Zealand Dollar vs US Dollar”

NZDUSD is trading at 0.6900; 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 0.6945 and then continue moving downwards to reach 0.6825. Another signal to confirm further descending movement is the price’s rebounding from the resistance level. However, the scenario that implies further decline may be cancelled if the price breaks the upside border of the cloud and fixes above 0.6995. In this case, the pair may continue growing towards 0.7070.

USDCAD, “US Dollar vs Canadian Dollar”

USDCAD is trading at 1.3280; the instrument is moving above Ichimoku Cloud, which means that it may continue growing. The markets could indicate that the price may test Tenkan-Sen and Kijun-Sen at 1.3145 and then continue moving upwards to reach 1.3435. Another signal to confirm further ascending movement is the price’s rebounding from the channel’s downside border. However, the scenario that implies further growth may be cancelled if the price breaks the downside border of the cloud and fixes below 1.3020. In this case, the pair may continue falling towards 1.2930.

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[RoboForex]

Forex Technical Analysis & Forecast 20.06.2018 (EURUSD, GBPUSD, USDCHF, USDJPY, AUDUSD, USDRUB, GOLD, BRENT)
20.06.2018
EURUSD, “Euro vs US Dollar”

After reaching 1.1535, EURUSD has completed the correction to the upside and returned to 1.1595. Possibly, today the price may form another descending structure. The next target is at reach 1.1480. Later, the market may grow towards 1.1535 and then fall with the target at 1.1430.

GBPUSD, “Great Britain Pound vs US Dollar”

GBPUSD is moving downwards. Possibly, the pair may be corrected towards 1.3255 and then fall to reach 1.3066. After that, the instrument may start another correction to return to 1.3160 and then resume its decline with the target at 1.3022.

USDCHF, “US Dollar vs Swiss Franc”

USDCHF is consolidating again. Possibly, the pair may fall to reach 0.9900. Later, the market may break the range to the upside and then continue trading upwards to reach 1.0020.

USDJPY, “US Dollar vs Japanese Yen”

USDJPY is trading to rebound from 109.58; it is consolidating in the center of the range. If later the pair breaks this range to the downside, the market may fall towards 109.40; if to the upside – continue trading upwards to reach 111.11. According to the main scenario, the price is expected to continue trading downwards with the target at 107.90.

AUDUSD, “Australian Dollar vs US Dollar”

AUDUSD is falling. Possibly, the pair may reach the short-term target at 0.7345 and then start another correction towards 0.7480. After that, the instrument may resume trading to the downside to reach the main target of this wave at 0.7292.

USDRUB, “US Dollar vs Russian Ruble”

USDRUB has expanded its consolidating channel upwards. Possibly, today the price may fall towards 62.56 and then form another ascending structure to reach 64.24. Later, the market may continue trading downwards with the target at 62.56.

XAUUSD, “Gold vs US Dollar”

Gold has formed another consolidation range around 1277.00. According to the main scenario, the price is expected to continue trading downwards to reach 1240.00 and then start a new correction with the target at 1304.00.

BRENT

Brent is still being corrected inside the Flag pattern. Today, the price may form another descending structure to reach 71.80 and then resume growing towards the first target at 76.90.

 

[RoboForex]

Murrey Math Lines 21.06.2018 (USDCHF, GOLD)
21.06.2018
USDCHF, “US Dollar vs Swiss Franc”

In the H4 chart, USDCHF is expected to test the resistance at the 8/8 level, break it, and then continue falling to reach the support at the 5/8 level.

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

XAUUSD, “Gold vs US Dollar”

In the H4 chart, XAUUSD is trading below the consolidation range. In this case, the price may continue falling towards the support at the 0/8 level.

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 downside line of the VoltyChannel indicator and, as a result, may continue moving downwards.

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[RoboForex]

Japanese Candlesticks Analysis 21.06.2018 (USDCAD, AUDUSD)
21.06.2018
USDCAD, “US Dollar vs Canadian Dollar”

As we can see in the H4 chart, USDCAD is testing the resistance level and forming Shooting Star and Doji reversal patterns. Judging by the previous movements, at the moment it may be assumed that the instrument may form several more reversal patterns and then continue falling.

AUDUSD, “Australian Dollar vs US Dollar”

As we can see in the H4 chart, AUDUSD is still testing the support level and forming several Hammer, Doji, and Inverted Hammer reversal patterns. Judging by the previous movements, it may be assumed that the instrument may rebound from the level again.

 

[RoboForex]

Fibonacci Retracements Analysis 21.06.2018 (AUDUSD, USDCAD)
21.06.2018
AUDUSD, “Australian Dollar vs US Dollar”

As we can see in the H4 chart, after finishing the correctional uptrend, AUDUSD started a new correction to the downside, which has already broken the previous low and right now is trading towards the post-correctional extension area between the retracements of 138.2% and 161.8% at 0.7312 and 0.7250 respectively. The resistance level is at 0.7477.

As we can see in the H1 chart, the convergence made the pair reverse and complete the correction at the retracement of 23.6%. By now, the price has broken the previous low and started another descending impulse, which is heading towards the post-correctional extension area between the retracements of 138.2% and 161.8% at 0.7324 and 0.7308 respectively.

USDCAD, “US Dollar vs Canadian Dollar”

As we can see in the H4 chart, USDCAD is trading upwards. The price has broken the high and may continue moving to reach the post-correctional extension area between the retracements of 138.2% and 161.8% at 1.3358 and 1.3497 respectively. The support level is at 1.3124.

The H1 chart shows more detailed structure of the current movement. The divergence that is being formed may indicate that the instrument may resume falling after it reaches the post-correctional extension area between the retracements of 138.2% and 161.8%.

 

[RoboForex]

Ichimoku Cloud Analysis 21.06.2018 (AUDUSD, NZDUSD, USDCAD)
21.06.2018
AUDUSD, “Australian Dollar vs US Dollar”

AUDUSD is trading at 0.7348; 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 0.7385 and then continue moving downwards to reach 0.7265. 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 0.7480. In this case, the pair may continue growing towards 0.7585.

NZDUSD, “New Zealand Dollar vs US Dollar”

NZDUSD is trading at 0.6825; 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 0.6845 and then continue moving downwards to reach 0.6760. Another signal to confirm further descending movement is the price’s rebounding from the channel’s downside border. However, the scenario that implies further decline may be cancelled if the price breaks the upside border of the cloud and fixes above 0.6910. In this case, the pair may continue growing towards 0.7050.

USDCAD, “US Dollar vs Canadian Dollar”

USDCAD is trading at 1.3324; the instrument is moving above Ichimoku Cloud, which means that it may continue growing. The markets could indicate that the price may test Tenkan-Sen and Kijun-Sen at 1.3315 and then continue moving upwards to reach 1.3435. Another signal to confirm further ascending movement is the price’s rebounding from the channel’s downside border. However, the scenario that implies further growth may be cancelled if the price breaks the downside border of the cloud and fixes below 1.3200. In this case, the pair may continue falling towards 1.2990.

 

[RoboForex]

Forex Technical Analysis & Forecast 21.06.2018 (EURUSD, GBPUSD, USDCHF, USDJPY, AUDUSD, USDRUB, GOLD, BRENT)
21.06.2018
EURUSD, “Euro vs US Dollar”

EURUSD is still consolidating above 1.1535. Possibly, today the price may break this level downwards and reach 1.1430. Later, the market may be corrected to return to 1.1530 and then continue trading downwards with the target at 1.1290.

GBPUSD, “Great Britain Pound vs US Dollar”

GBPUSD is moving downwards. Possibly, the pair may break 1.3155 and fall to reach 1.3125. After that, the instrument may grow towards 1.3215 and then resume its decline with the short-term target at 1.2970.

USDCHF, “US Dollar vs Swiss Franc”

USDCHF is growing towards 1.0000. Later, the market may fall to reach 0.9955 and then continue trading upwards to reach the short-term target at 1.0093.

USDJPY, “US Dollar vs Japanese Yen”

USDJPY is trading upwards. Possibly, the pair may reach 111.06 and then continue trading downwards with the target at 110.04.

AUDUSD, “Australian Dollar vs US Dollar”

AUDUSD is falling with the short-term target at 0.7345. After that, the instrument may start another correction towards 0.7480 and then resume trading to the downside to complete this structure at 0.7292. Later, the market may form a new consolidation channel near these lows.

USDRUB, “US Dollar vs Russian Ruble”

USDRUB is moving downwards. Today, the price may reach 62.56 and then form another ascending structure to reach 64.24. Later, the market may continue trading downwards with the first target at 61.55.

XAUUSD, “Gold vs US Dollar”

Gold continues falling. The target is at 1240.00. After that, the instrument may start a new correction with the first target at 1277.00.

BRENT

Brent is still consolidating around 74.88. Today, the price may form another descending structure to reach 73.90 and then resume growing to return to 74.88. If later the pair breaks this range to the downside, the market may continue trading downwards to reach 72.25; if to the upside – start another growth towards the first target at 77.00.

 

[RoboForex]

Japanese Candlesticks Analysis 25.06.2018 (GOLD, NZDUSD)
25.06.2018
XAUUSD, “Gold vs US Dollar”

As we can see in the H4 chart, after breaking the support level, XAUUSD has formed several Doji, Hammer, and Inverted Hammer reversal patterns. Judging by the previous movements, it may be assumed that the price may trying to rebound and start a new ascending tendency.

NZDUSD, “New Zealand vs. US Dollar”

As we can see in the H4 chart, after forming several Hammer and Inverted Hammer reversal patterns, NZDUSD has rebounded from the support level. At the moment, it may be assumed that the instrument may complete the pullback and continue the uptrend.

 

[RoboForex]

Ichimoku Cloud Analysis 25.06.2018 (AUDUSD, NZDUSD, USDCAD)
25.06.2018
AUDUSD, “Australian Dollar vs US Dollar”

AUDUSD is trading at 0.7424; the instrument is moving below Ichimoku Cloud, which means that it may continue falling. The markets could indicate that the price may test the downside border of the cloud at 0.7435 and then continue moving downwards to reach 0.7295. Another signal to confirm further descending movement is the price’s rebounding from the resistance level. However, the scenario that Implies further decline may be cancelled if the price breaks the upside border of the cloud and fixes above 0.7480. In this case, the pair may continue growing towards 0.7585. After breaking the downside border of the channel and fixing below 0.7370, the price may continue moving downwards.

NZDUSD, “New Zealand Dollar vs US Dollar”

NZDUSD is trading at 0.6895; 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 0.6920 and then continue moving downwards to reach 0.6790. 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 0.6945. In this case, the pair may continue growing towards 0.7050.

USDCAD, “US Dollar vs Canadian Dollar”

USDCAD is trading at 1.3290; the instrument is moving above Ichimoku Cloud, which means that it may continue growing. The markets could indicate that the price may test Tenkan-Sen and Kijun-Sen at 1.3245 and then continue moving upwards to reach 1.3465. Another signal to confirm further ascending movement is the price’s rebounding from the channel’s downside border. However, the scenario that implies further growth may be cancelled if the price breaks the downside border of the cloud and fixes below 1.3095. In this case, the pair may continue falling towards 1.2990.

 

[RoboForex]

Forex Technical Analysis & Forecast 25.06.2018 (EURUSD, GBPUSD, USDCHF, USDJPY, AUDUSD, USDRUB, GOLD, BRENT)
25.06.2018
EURUSD, “Euro vs US Dollar”

EURUSD is still growing. Possibly, today the price may reach 1.1680 and then fall towards 1.1590, thus forming a new consolidation range. If later the pair breaks this range to the upside, the market may continue the correction to reach 1.1744; if to the downside – resume trading downwards with the target at 1.1425.

GBPUSD, “Great Britain Pound vs US Dollar”

GBPUSD is falling towards 1.3200 and forming a new consolidation range. If later the pair breaks this range to the upside, the market may continue the correction to reach 1.3433; if to the downside – resume falling with the target at 1.3080.

USDCHF, “US Dollar vs Swiss Franc”

USDCHF is still being corrected. Possibly, today the price may reach 0.9850 and then grow towards 0.9916. After that, the instrument may form another descending structure with the target at 0.9842 and then continue trading upwards to reach 1.0020.

USDJPY, “US Dollar vs Japanese Yen”

USDJPY is falling again; it has reached 109.44. Today, the price may consolidate around this level. Later, the market may break the range downwards and continue trading downwards with the target at 108.65.

AUDUSD, “Australian Dollar vs US Dollar”

AUDUSD is being corrected towards 0.7470. After that, the instrument may fall to reach 0.7335 and then form another ascending structure to return to 0.7470. Later, the market may continue trading downwards with the main target of еры descending wave at 0.7286.

USDRUB, “US Dollar vs Russian Ruble”

USDRUB is still falling with the target at 62.56. After that, the instrument may form another ascending structure to reach 63.40. Later, the market may resume trading downwards to break 62.00 and then continue falling with the target at 59.90.

XAUUSD, “Gold vs US Dollar”

Gold is moving downwards. Today, the price may fall to break 1260.00 and then continue trading downwards to reach 1240.00. After that, the instrument may start another correction with the target at 1304.00.

BRENT

Brent is still consolidating around 74.66. Possibly, the pair may grow towards 75.85 and then fall to return to 74.66, thus forming a new consolidation range. If later the pair breaks this range to the upside, the market may continue growing to reach 77.00; if to the downside – trade downwards with the target at 71.80.

 

[RoboForex]

Murrey Math Lines 25.06.2018 (EURUSD, GBPUSD)
25.06.2018
EURUSD, “Euro vs. US Dollar”

As we can see in the H4 chart, EURUSD is trading inside the “oversold zone”. In this case, it is expected to continue growing towards the 0/8 level.

In the H1 chart, the pair may break the 3/8 level and then continue growing towards the resistance at the 4/8 one.

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.

GBPUSD, “Great Britain Pound vs US Dollar”

As we can see in the H4 chart, GBPUSD has failed to break the 1/8 level and may resume growing towards the resistance at the 3/8 one.

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

 

[RoboForex]

Fibonacci Retracements Analysis 26.06.2018 (EURUSD, USDJPY)
26.06.2018
EURUSD, “Euro vs US Dollar”

As we can see in the H4 chart, the downtrend continues, but right now EURUSD is being corrected. After a pullback towards the retracement of 38.2%, the price has tested the low at 1.1508. After breaking the low, the instrument may continue falling towards the post-correctional extension area between the retracements of 138.2% and 161.8% at 1.1380 and 1.1296 respectively. However, one should exclude a possibility that the correction may yet continue to reach the retracements of 50.0% and 61.8% at 1.1958 and 1.2066 respectively.

In the H1 chart, the pair is being corrected to the upside and has already reached the retracement of 61.8%. The next possible target may be the retracement of 76.0% at 1.1768.

USDJPY, “US Dollar vs. Japanese Yen”

As we can see in the H4 chart, USDJPY is being corrected downwards and has already reached the retracement of 50.0%. The next targets may be the retracements of 61.8% and 76.0% at 109.16 and 108.78 respectively. The resistance level is the high at 110.90.

In the H1 chart, the convergence is being formed. The pair is being corrected upwards. The closest targets of this correction may be the retracements of 50.0% and 61.8% at 110.07 and 110.23 respectively.

 

[RoboForex]

Ichimoku Cloud Analysis 26.06.2018 (AUDUSD, NZDUSD, USDCAD)
26.06.2018
AUDUSD, “Australian Dollar vs US Dollar”

AUDUSD is trading at 0.7414; the instrument is moving below Ichimoku Cloud, which means that it may continue falling. The markets could indicate that the price may test the downside border of the cloud at 0.7425 and then continue moving downwards to reach 0.7295. Another signal to confirm further descending movement is the price’s rebounding from the resistance level. However, the scenario that Implies further decline may be cancelled if the price breaks the upside border of the cloud and fixes above 0.7480. In this case, the pair may continue growing towards 0.7585. After breaking the downside border of the channel and fixing below 0.7370, the price may continue moving downwards.

NZDUSD, “New Zealand Dollar vs US Dollar”

NZDUSD is trading at 0.6889; 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 0.6905 and then continue moving downwards to reach 0.6790. 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 0.6945. In this case, the pair may continue growing towards 0.7050.

USDCAD, “US Dollar vs Canadian Dollar”

USDCAD is trading at 1.3285; the instrument is moving above Ichimoku Cloud, which means that it may continue growing. The markets could indicate that the price may test Tenkan-Sen and Kijun-Sen at 1.3250 and then continue moving upwards to reach 1.3465. Another signal to confirm further ascending movement is the price’s rebounding from the channel’s downside border. However, the scenario that implies further growth may be cancelled if the price breaks the downside border of the cloud and fixes below 1.3110. In this case, the pair may continue falling towards 1.2990.