EUR/USD, “Euro vs US Dollar”
EUR/USD is testing the support area. The pair is moving below the Ichimoku Cloud, suggesting a downtrend. A test of the Tenkan-Sen line at 1.0755 is expected, followed by a decline to 1.0650. A rebound from the upper boundary of the bearish channel would be an additional signal confirming the fall. The scenario could be invalidated by a breakout of the upper boundary of the Cloud, with the price securing above 1.0835, indicating a further rise to 1.0925.
USD/JPY, “US Dollar vs Japanese Yen”
USDJPY is rising after breaching the upper boundary of the Triangle pattern. The pair is moving above the Ichimoku Cloud, suggesting an uptrend. A test of the Tenkan-Sen line at 157.45 is expected, followed by a rise to 159.75. A rebound from the upper boundary of the Triangle pattern would be an additional signal confirming the increase. The scenario could be invalidated by a breakout of the lower boundary of the Cloud, with the price securing below 155.55, indicating a further decline to 154.65. Conversely, a rise could be confirmed by a breakout above the upper boundary of the ascending channel, with the price finding a foothold above 159.10.
USD/CAD, “US Dollar vs Canadian Dollar”
USD/CAD is testing the indicator’s signal lines. The pair is moving above the Ichimoku Cloud, suggesting an uptrend. A test of the Cloud’s upper boundary at 1.3720 is expected, followed by a rise to 1.3835. A rebound from the lower boundary of the bullish channel would be an additional signal confirming the increase. The scenario could be invalidated by a breakout of the lower boundary of the Cloud, with the price securing below 1.3665, indicating a further decline to 1.3575.
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