BTC/USD, “Bitcoin vs US Dollar”
BTC/USD is trading at 9040.00; 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 9185.00 and then resume moving downwards to reach 8505.00. Another signal in favor of further downtrend will be a rebound from the descending channel’s upside border. However, the bearish scenario may no longer be valid if the price breaks the cloud’s upside border and fixes above 9405.00. In this case, the pair may continue growing towards 9805.00.
AUD/USD, “Australian Dollar vs US Dollar”
AUD/USD is trading at 0.6583; 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 0.6555 and then resume moving downwards to reach 0.6425. Another signal in favor of further downtrend will be a rebound from the resistance level. However, the bearish scenario may no longer be valid if the price breaks the cloud’s upside border and fixes above 0.6605. In this case, the pair may continue growing towards 0.6695.
USD/CAD, “US Dollar vs Canadian Dollar”
USD/CAD is trading at 1.4003; the instrument is moving above Ichimoku Cloud, thus indicating an ascending tendency. The markets could indicate that the price may test Tenkan-Sen and Kijun-Sen at 1.3965 and then resume moving upwards to reach 1.4115. Another signal in favor of further uptrend will be a rebound from the support level. However, the bullish scenario may no longer be valid if the price breaks the cloud’s downside border and fixes below 1.3885. In this case, the pair may continue falling towards 1.3795.
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