EUR/USD, “Euro vs US Dollar”
EUR/USD has found a foothold above the signal lines of the indicator. The instrument is going above the Ichimoku Cloud, which suggests an uptrend. A test of the Tenkan-Sen line at 1.0835 is expected, followed by a rise to 1.0945. An additional signal confirming the rise might 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 under 1.0725, which will mean a further decline to 1.0640.
USD/JPY, “US Dollar vs Japanese Yen”
USD/JPY is declining after a rebound from the resistance. The instrument is going above the Ichimoku Cloud, which suggests an uptrend. A test of the upper boundary of the Cloud at 149.95 is expected, followed by a rise to 152.25. An additional signal confirming the rise might 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 under 149.65, which will mean a further decline to 148.74.
AUD/USD, “Australian Dollar vs US Dollar”
AUD/USD is rebounding from the upper boundary of the descending channel. The instrument is going above the Ichimoku Cloud, which suggests an uptrend. A test of the Tenkan-Sen line at 0.6535 is expected, followed by a rise to 0.6625. An additional signal confirming the rise might be a rebound from the upper boundary of the bearish channel. The scenario can be cancelled by a breakout of the lower boundary of the Cloud with the price finding a foothold under 0.6495, which will mean a further decline to 0.6405.
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