Ichimoku cloud analysis: GBP/USD, XAU/USD, NZD/USD
|GBP/USD, “Great Britain Pound vs US Dollar”
GBP/USD is testing the indicator’s signal lines. The pair is going below the Ichimoku Cloud, which suggests a bearish trend. A test of the lower boundary of the Cloud at 1.2670 is expected, followed by a decline to 1.2475. An additional signal confirming the decline will be a rebound from the upper boundary of the bearish channel. The scenario can be cancelled by a breakout of the upper boundary of the Cloud, with the price securing above 1.2715, indicating further growth to 1.2805.
XAU/USD, “Gold vs US Dollar”
Gold is on the rise within the bullish channel. The instrument is going above the Ichimoku Cloud, which suggests an uptrend. A test of the upper boundary of the Cloud at 2185 is expected, followed by a rise to 2265. An additional signal confirming the rise will be a rebound from the lower boundary of the bullish channel. The scenario can be cancelled by a breakout of the lower boundary of the Cloud, with the price finding a foothold below 2160, which will signal a further decline to 2115.
NZD/USD, “New Zealand Dollar vs US Dollar”
NZD/USD has gained a foothold below the Tenkan-Sen line. The pair is going below the Ichimoku Cloud, which suggests a downtrend. A test of the Kijun-Sen line at 0.6015 is expected, followed by a decline to 0.5890. 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 upper boundary of the Cloud, with the price establishing itself above 0.6085, which will indicate further growth to 0.6175.
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