Ichimoku cloud analysis: EUR/USD, XAU/USD, AUD/USD
|EUR/USD, “Euro vs US Dollar”
EUR/USD has gained a foothold above the Tenkan-Sen line. The pair is going below the Ichimoku Cloud, which suggests a bearish trend. A test of the Cloud’s lower boundary at 1.0905 is expected, followed by a decline to 1.0735. An additional signal confirming the decline could be a rebound from the upper boundary of the bearish channel. The scenario can be cancelled by a breakout of the Cloud’s upper boundary, with the price securing above 1.0955, indicating further growth to 1.1045.
XAU/USD, “Gold vs US Dollar”
Gold is rebounding from the indicator’s signal lines. The instrument is going inside the Ichimoku Cloud, which suggests a sideways movement. A test of the Cloud’s lower boundary at 2140 is expected, followed by a rise to 2215. A rebound from the lower boundary of the bullish channel will signal the price rise. The scenario can be cancelled by a breakout of the lower boundary of the Cloud, with the price securing below 2120, which will indicate a further decline to 2085. Meanwhile, the price rise could be confirmed by a breakout of the upper boundary of the bearish channel, with the price gaining a foothold above 2165.
AUD/USD, “Australian Dollar vs US Dollar”
AUD/USD is testing the Tenkan-Sen line. The pair is going below the Ichimoku Cloud, which suggests a downtrend. A test of the Kijun-Sen line at 0.6575 is expected, followed by a decline to 0.6425. An additional signal confirming the decline could be a rebound from the lower boundary of the bullish channel. The scenario can be cancelled by a breakout of the upper boundary of the Cloud, with the price establishing itself above 0.6620, which will signal further growth to 0.6710.
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