GBPUSD, “Great Britain Pound vs US Dollar”

GBPUSD is trading at 1.2294; the instrument is moving below Ichimoku Cloud, thus indicating a bearish tendency. The markets could indicate that the price may test the cloud’s downside border at 1.2345 and then resume moving downwards to reach 1.2135. 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 1.2425. In this case, the pair may continue growing towards 1.2505.

USDCAD, “US Dollar vs Canadian Dollar”

USDCAD is trading at 1.4212; the instrument is moving above Ichimoku Cloud, thus indicating a bullish tendency. The markets could indicate that the price may test the cloud’s upside border at 1.4175 and then resume moving upwards to reach 1.4345. Another signal to confirm further ascending movement is the price’s rebounding from the rising channel’s downside border. However, the scenario that implies further growth may be canceled if the price breaks the cloud’s downside border and fixes below 1.4085. In this case, the pair may continue falling towards 1.4005.

USDRUB, “US Dollar vs Russian Ruble”

USDRUB is trading at 77.21; the instrument is moving above Ichimoku Cloud, thus indicating an ascending tendency. The markets could indicate that the price may test Tenkan-Sen and Kijun-Sen at 75.95 and then resume moving upwards to reach 78.95. Another signal to confirm further ascending movement is the price’s rebounding from the rising channel’s downside border. However, the scenario that implies further growth may be canceled if the price breaks the cloud’s downside border and fixes below 73.65. In this case, the pair may continue falling towards 72.85.