BTC/USD, “Bitcoin vs US Dollar”
BTC/USD is trading at 6967.00; the instrument is moving above Ichimoku Cloud, thus indicating a bullish tendency. The markets could indicate that the price may test the cloud’s upside border at 6690.00 and then resume moving upwards to reach 7915.00. 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 6205.00. In this case, the pair may continue falling towards 5705.00.
EUR/USD, “Euro vs US Dollar”
EUR/USD is trading at 1.0822; 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 1.0860 and then resume moving downwards to reach 1.0645. 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 1.0955. In this case, the pair may continue growing towards 1.1045.
USD/JPY, “US Dollar vs Japanese Yen”
USD/JPY is trading at 109.04; the instrument is moving inside Ichimoku Cloud, thus indicating a sideways tendency. The markets could indicate that the price may test the cloud’s downside border at 108.45 and then resume moving upwards to reach 113.45. Another signal to confirm further ascending movement is the price’s rebounding from the descending channel’s upside border. However, the scenario that implies further growth may be canceled if the price breaks the cloud’s downside border and fixes below 107.85. In this case, the pair may continue falling towards 106.95.
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