EUR/USD, “Euro vs US Dollar”
EUR/USD is rising within a bullish channel. The pair is going above the Ichimoku Cloud, which suggests an uptrend. A test of the Tenkan-Sen line at 1.0795 is expected, followed by a rise to 1.0920. An additional signal confirming the rise will be a rebound from the lower boundary of the bullish channel. The scenario can be cancelled by a breakout of the lower boundary of the Cloud, with the price securing below 1.0715, indicating a further decline to 1.0625.
XAU/USD, "Gold vs US Dollar"
Gold is rebounding from the upper boundary of the descending channel. The instrument is going above the Ichimoku Cloud, which suggests an uptrend. A test of the Kijun-Sen line at 2335 is expected, followed by a rise to 2415. An additional signal confirming the rise will be a rebound from the lower boundary of the bullish channel. The scenario can be cancelled by a breakout of the lower boundary of the Cloud, with the price securing below 2290, which will signal a further decline to 2265. Meanwhile, the rise could be confirmed by a breakout of the upper boundary of the bearish channel, with the price finding a foothold above 2370.
NZD/USD, “New Zealand Dollar vs US Dollar”
NZD/USD has exited the Triangle pattern boundaries. The pair is going above the Ichimoku Cloud, which suggests an uptrend. A test of the Tenkan-Sen line at 0.6025 is expected, followed by a rise to 0.6145. An additional signal confirming the rise will be a rebound from the upper boundary of the Triangle pattern. The scenario can be cancelled by a breakout of the lower boundary of the Cloud, with the price securing below 0.5950, indicating a further decline to 0.5860.
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