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EUR/USD, “Euro vs US Dollar”

The currency pair is testing the broken resistance level. The instrument is going above the Ichimoku Cloud, which suggests an uptrend. A test of the upper border of the Cloud at 1.0860 is expected, followed by growth to 1.1035. An additional signal confirming the growth will be a bounce off the lower border of the bullish channel. The scenario can be cancelled by a breakaway of the lower border of the Cloud and securing under 1.0655, which will mean further falling to 1.0565.

EURUSD

USD/CAD, “US Dollar vs Canadian Dollar”

The currency pair is pushing off the support level. The instrument is going below the Ichimoku Cloud, which suggests a downtrend. A test of the lower border of the Cloud at 1.3405 is expected, followed by falling to 1.3195. An additional signal confirming the decline will be a bounce off the lower border of the bullish channel. The scenario can be cancelled by a breakaway of the upper border of the Cloud and securing above 1.3485, which will mean further growth to 1.3575.

USDCAD

GBP/USD, “Great Britain Pound vs US Dollar”

The currency pair has secured under the signal lines of the indicator. The instrument is going above the Ichimoku Cloud, which suggests an uptrend. A test of the lower border of the Cloud at 1.2250 is expected, followed by growth to 1.2645. An additional signal confirming the growth will be a bounce off the lower border of the ascending channel. The scenario can be cancelled by a breakaway of the lower border of the Cloud and securing under 1.2155, which will mean further falling to 1.1960. The growth can be confirmed by a breakaway of the upper border of the descending channel and securing above 1.2410.

gbpusd

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Before you enter foreign exchange and stock markets, you have to remember that trading currencies and other investment products is trading in nature and always involves a considerable risk. As a result of various financial fluctuations, you may not only significantly increase your capital, but also lose it completely. Therefore, our clients have to assure RoboForex that they understand all the possible consequences of such risks, they know all the specifics, rules and regulations governing the use of investment products, including corporate events, resulting in the change of underlying assets. Client understands that there are special risks and features that affect prices, exchange rates and investment products.

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