BTCUSD, “Bitcoin vs US Dollar”

BTCUSD is trading at 5856.00; the instrument is moving inside Ichimoku Cloud, thus indicating a sideways tendency. The markets could indicate that the price may test the cloud’s downside border at 5570.00 and then resume moving upwards to reach 7765.00. 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 5010.00. In this case, the pair may continue falling towards 4355.00. After breaking the cloud’s upside border and fixing above 6185.00, the price may resume moving upwards.

USDCAD, “US Dollar vs Canadian Dollar”

USDCAD is trading at 1.4427; the instrument is moving above Ichimoku Cloud, thus indicating an ascending tendency. The markets could indicate that the price may test the support area at 1.4310 and then resume moving upwards to reach 1.4825. 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 1.3675. In this case, the pair may continue falling towards 1.3585.

USDJPY, “US Dollar vs Japanese Yen”

USDJPY is trading at 109.87; 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 109.35 and then resume moving upwards to reach 113.85. 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 103.85. In this case, the pair may continue falling towards 102.95.