Article By RoboForex.com
AUDUSD, “Australian Dollar vs US Dollar”
AUDUSD is trading at 0.6544; the instrument is moving below Ichimoku Cloud, thus indicating a descending tendency. The markets could indicate that the price may test the resistance area at 0.6565 and then resume moving downwards to reach 0.6365. Another signal to confirm further descending movement is the price’s rebounding from the descending channel’s upside border. However, the scenario that implies further decline may be canceled if the price breaks the cloud’s upside border and fixes above 0.6655. In this case, the pair may continue growing towards 0.6725.
GBPUSD, “Great Britain Pound vs US Dollar”
GBPUSD is trading at 1.2779; the instrument is moving below Ichimoku Cloud, thus indicating a descending tendency. The markets could indicate that the price may test the cloud’s downside border at 1.2795 and then resume moving downwards to reach 1.2605. Another signal to confirm further descending movement is the price’s rebounding from the upside border of a Triangle pattern. However, the scenario that implies further decline may be canceled if the price breaks the cloud’s upside border and fixes above 1.2865. In this case, the pair may continue growing towards 1.2935. After breaking the Triangle’s downside border and fixing below 1.2705, the price may resume moving downwards.
BTCUSD, “Bitcoin vs US Dollar”
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BTCUSD is trading at 8830.00; the instrument is moving below Ichimoku Cloud, thus indicating a descending tendency. The markets could indicate that the price may test the cloud’s downside border at 8865.00 and then resume moving downwards to reach 7615.00. Another signal to confirm further descending movement is the price’s rebounding from the descending channel’s upside border. However, the scenario that implies further decline may be canceled if the price breaks the cloud’s upside border and fixes above 9405.00. In this case, the pair may continue growing towards 9965.00.
Article By RoboForex.com
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Forecasts presented in this section only reflect the author’s private opinion and should not be considered as guidance for trading. RoboForex LP bears no responsibility for trading results based on trading recommendations described in these analytical reviews.
