AUDUSD, “Australian Dollar vs US Dollar”

AUDUSD is trading at 0.7706; the instrument is moving below Ichimoku Cloud, thus indicating a descending tendency. The markets could indicate that the price may test the cloud’s upside border at 0.7725 and then resume moving downwards to reach 0.7625. Another signal in favor of a further downtrend will be a rebound from the descending channel’s upside border. However, the bearish scenario may no longer be valid if the price breaks the cloud’s upside border and fixes above 0.7755. In this case, the pair may continue growing towards 0.7845.

USDJPY, “US Dollar vs Japanese Yen”

USDJPY is trading at 103.98; the instrument is moving above Ichimoku Cloud, thus indicating an ascending tendency. The markets could indicate that the price may test the cloud’s upside border at 103.85 and then resume moving upwards to reach 104.95. Another signal in favor of a further uptrend will be a rebound from the downside border of the Triangle pattern. However, the bullish scenario may no longer be valid if the price breaks the cloud’s downside border and fixes above 103.25. In this case, the pair may continue falling towards 102.35. To confirm further growth, the asset must break the pattern’s upside border and fix above 104.45.

EURUSD, “Euro vs US Dollar”

EURUSD is trading at 1.2094; the instrument is moving inside Ichimoku Cloud, thus indicating a sideways tendency. The markets could indicate that the price may test the cloud’s upside border at 1.2105 and then resume moving downwards to reach 1.1995. Another signal in favor of a further downtrend will be a rebound from the resistance level. However, the bearish scenario may be canceled if the price breaks the cloud’s upside border and fixes above 1.2140. In this case, the pair may continue growing towards 1.2235.