AUDUSD, “Australian Dollar vs US Dollar”

AUDUSD is trading at 0.6877; the instrument is moving above Ichimoku Cloud, thus indicating an ascending tendency. The markets could indicate that the price may test the cloud’s downside border at 0.6855 and then resume moving upwards to reach 0.6975. Another signal to confirm further ascending movement is the price’s rebounding from the support level. However, the scenario that implies further growth may be canceled if the price breaks the cloud’s downside border and fixes below 0.6835. In this case, the pair may continue falling towards 0.6725.

NZDUSD, “New Zealand Dollar vs US Dollar”

NZDUSD is trading at 0.6590; the instrument is moving above Ichimoku Cloud, thus indicating an ascending tendency. The markets could indicate that the price may test the cloud’s downside border at 0.6575 and then resume moving upwards to reach 0.6710. 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 0.6525. In this case, the pair may continue falling towards 0.6415.

USDCAD, “US Dollar vs Canadian Dollar”

USDCAD is trading at 1.3116; 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 1.3145 and then resume moving downwards to reach 1.3005. 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 1.3245. In this case, the pair may continue growing towards 1.3305.

USDJPY, “US Dollar vs. Japanese Yen”

As we can see in the H4 chart, USDJPY is moving inside the “overbought area”. In this case, the price is expected to break 8/8 and then continue falling to reach the support at 6/8. However, this scenario may no longer be valid if the price breaks +1/8 to the upside. After that, the instrument may start a new growth towards the resistance at +2/8.

In the M15 chart, the pair may break the downside line of the VoltyChannel indicator and, as a result, continue trading downwards.

USDCAD, “US Dollar vs Canadian Dollar”

As we can see in the H4 chart, USDCAD is consolidating. In this case, the pair may break 4/8 and resume growing to reach the resistance at 5/8. However, this scenario may no longer be valid if the price breaks 3/8. After that, the instrument may continue falling towards the support at 2/8.

In the M15 chart, the pair may break the upside line of the VoltyChannel indicator and, as a result, continue moving upwards.

EURUSD, “Euro vs. US Dollar”

As we can see in the H4 chart, after completing a quick ascending structure and expanding the descending channel’s borders, EURUSD is still trading close to the resistance level; by now, the pair has reversed after forming Hanging Man pattern. We may assume that later the price may test the resistance level and get back to 1.1055 to resume the descending tendency. However, one shouldn’t exclude a possibility that the price may continue growing towards 1.1133.

USDJPY, “US Dollar vs. Japanese Yen”

As we can see in the H4 chart, the pair continues trading close to the rising channel’s downside border. By now, USDJPY has formed another Hammer reversal pattern. Later, after finishing one more correction, the pair may reverse and resume growing towards 109.60 to continue forming the ascending tendency. At the same time, the pair may choose another scenario and start a new decline to reach 108.54.