BTCUSD, “Bitcoin vs US Dollar”

BTCUSD is trading at 22546.00; 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 22905.00 and then resume moving downwards to reach 21285.00. Another signal in favor of 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 23905.00. In this case, the pair may continue growing towards 23885.00. To confirm further decline, the asset must break the downside border of the Triangle pattern and fix below 22205.00.

EURUSD, “Euro vs US Dollar”

EURUSD is trading at 1.2219; 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 1.2165 and then resume moving upwards to reach 1.2395. Another signal in favor of further uptrend will be a rebound from the rising channel’s downside border. However, the bullish scenario may be canceled if the price breaks the cloud’s downside border and fixes below 1.2095. In this case, the pair may continue falling towards 1.1995.

USDCAD, “US Dollar vs Canadian Dollar”

USDCAD is trading at 1.2878; 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 1.2865 and then resume moving upwards to reach 1.3025. Another signal in favor of further uptrend will be a rebound from the rising channel’s downside border. However, the bullish scenario may no longer be valid if the price breaks the cloud’s downside border and fixes below 1.2755. In this case, the pair may continue falling towards 1.2665.