NZDUSD, “New Zealand Dollar vs US Dollar”

NZDUSD is trading at 0.6101; 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 0.6075 and then resume moving upwards to reach 0.6305. Another signal to confirm further ascending movement is the price’s rebounding from the descending channel’s upside border. However, the scenario that implies further growth may be canceled if the price breaks the cloud’s downside border and fixes below 0.5965. In this case, the pair may continue falling towards 0.5885.

XAUUSD, “Gold vs US Dollar”

XAUUSD is trading at 1711.00; the instrument is moving above Ichimoku Cloud, thus indicating a bullish tendency. The markets could indicate that the price may test the cloud’s downside border at 1690.00 and then resume moving upwards to reach 1815.00. 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 1685.00. In this case, the pair may continue falling towards 1625.00. After breaking the upside border of the “Triangle” pattern and fixing above 1735.00, the price may resume moving upwards.

USDCAD, “US Dollar vs Canadian Dollar”

USDCAD is trading at 1.3936; 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 1.4035 and then resume moving downwards to reach 1.3605. 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 1.4165. In this case, the pair may continue growing towards 1.4155. After breaking the downside border of the “Triangle” pattern and fixing below 1.3875, the price may resume moving downwards.