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

GBPUSD has consolidated under the indicator’s signal lines. The pair is moving above the Ichimoku Cloud, suggesting an uptrend. A test of the upper boundary of the Cloud at 1.2685 is expected, followed by a rise to 1.2865. A rebound from the lower boundary of the bullish channel would be an additional signal confirming the increase. This scenario could be invalidated by a breakout below the lower boundary of the Cloud, with the price securing below 1.2545, indicating a potential decline to 1.2455.

Chart

AUD/USD, “Australian Dollar vs US Dollar”

AUDUSD is testing the lower boundary of the descending channel. The pair is moving below the Ichimoku Cloud, suggesting a downtrend. A test of the lower boundary of the Cloud at 0.6645 is expected, followed by a fall to 0.6475. A rebound from the upper boundary of the bearish channel would be an additional signal confirming the fall. This scenario could be invalidated by a breakout above the upper boundary of the Cloud, with the price securing above 0.6705, indicating a potential rise to 0.6805.

Chart

XAU/USD, “Gold vs US Dollar”

Gold is undergoing a correction after an aggressive fall. The instrument is moving below the Ichimoku Cloud, suggesting a downtrend. A test of the Kijun-Sen line at 2355 is expected, followed by a fall to 2255. An additional signal confirming the decline would be a rebound from the upper boundary of the bearish channel. The scenario could be invalidated by a breakout above the upper boundary of the Cloud, with the price securing above 2420, indicating a further rise to 2475. Conversely, a decline could be confirmed by a breakout below the lower boundary of the bullish channel, with the price establishing itself below 2295.

Chart

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.

Recommended Content


Recommended Content

Editors’ Picks

EUR/USD fluctuates near 1.0750 as markets turn subdued

EUR/USD fluctuates near 1.0750 as markets turn subdued

EUR/USD continues to trade in a relatively tight channel at around 1.0750 in the American session on Wednesday. The pair struggles to finding direction with US markets remaining closed in observance of the Juneteenth Holiday.

EUR/USD News

GBP/USD stabilizes above 1.2700 after UK inflation data

GBP/USD stabilizes above 1.2700 after UK inflation data

GBP/USD clings to modest daily gains above 1.2700 on Wednesday. The data from the UK showed that annual inflation, as measured by the change in the Consumer Price Index, declined to 2% in May from 2.3% in April. The BoE will announce policy decisions on Thursday.

GBP/USD News

Gold extends sideways grind at around $2,330

Gold extends sideways grind at around $2,330

Gold (XAU/USD) struggles to capitalize on the previous day's bounce from the vicinity of the $2,300 mark and oscillates in a narrow band near $2,330. US bond markets remain closed in observance of the Juneteenth Holiday, limiting the pair's volatility.

Gold News

Polygon MATIC poised for 10% rally as momentum indicators signal strength

Polygon MATIC poised for 10% rally as momentum indicators signal strength

Polygon price formed a bullish divergence on a momentum indicator, signaling a reversal. On-chain data shows MATIC’s capitulation event occurred between June 12 and 18.

Read more

Investors' focus will be on Europe

Investors' focus will be on Europe

In the euro area, the EU commission will reveal against which countries it recommends opening an excessive deficit procedure (EDF) due to breaches of the EU fiscal rules.

Read more

Majors

Cryptocurrencies

Signatures