Ichimoku cloud analysis: GBP/USD, XAU/USD, USD/CHF
|GBP/USD, “Great Britain Pound vs US Dollar”
GBP/USD is correcting within a Triangle pattern. The pair is moving above the Ichimoku Cloud, suggesting an uptrend. A test of the Cloud’s lower boundary at 1.2715 is expected, followed by a rise to 1.2885. A rebound from the lower boundary of the bullish channel would be an additional signal confirming the increase. The scenario could be cancelled by a breakout of the lower boundary of the Cloud, with the price securing below 1.2685, indicating a further decline to 1.2595. Conversely, a rise could be confirmed by a breakout of the upper boundary of the Triangle pattern, with the price gaining a foothold above 1.2805.
XAU/USD, “Gold vs US Dollar”
Gold is testing the support area. The instrument is moving below the Ichimoku Cloud, suggesting a downtrend. A test of the Tenkan-Sen line at 2335 is expected, followed by a fall to 2245. A rebound from the upper boundary of the bearish channel would be an additional signal confirming the fall. This scenario could be cancelled by a breakout above the upper boundary of the Cloud, with the price securing above 2395, indicating a further rise to 2445.
USD/CHF, “US Dollar vs Swiss Franc”
USD/CHF has established itself below the lower boundary of the ascending channel. The pair is moving below the Ichimoku Cloud, suggesting a downtrend. A test of the Kijun-Sen line at 0.9055 is expected, followed by a decline to 0.8875. A rebound from the lower boundary of the bullish channel would be an additional signal confirming the fall. This scenario could be cancelled by a breakout above the upper boundary of the Cloud, with the price securing above 0.9140, indicating a further rise to 0.9230.
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