Ichimoku cloud analysis: XAU/USD, GBP/USD, USD/CHF

RoboForex Team RoboForex

XAU/USD, “Gold vs US Dollar”

Gold has gained 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 Kijun-Sen line at 2265 is expected, followed by a rise to 2325. An additional signal confirming the rise could be a rebound from the lower boundary of the bullish channel. The scenario could be cancelled by a breakout of the lower boundary of the Cloud, with the price securing below 2215, which will signal a further decline to 2175.

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

GBP/USD is correcting following a rebound from the lower boundary of a bearish channel. The pair is going below the Ichimoku Cloud, which suggests a downtrend. A test of the lower boundary of the Cloud at 1.2605 is expected, followed by a decline to 1.2455. An additional signal confirming the decline could be a rebound from the upper boundary of the descending channel. The scenario can be cancelled by a breakout of the Cloud’s upper boundary, with the price securing above 1.2705, indicating further growth to 1.2805.

USD/CHF, “US Dollar vs Swiss Franc”

USD/CHF has established itself above the resistance level. The pair is going above the Ichimoku Cloud, which suggests an uptrend. A test of the Kijun-Sen line at 0.9025 is expected, followed by a rise to 0.9205. An additional signal confirming the rise could be a rebound from the lower boundary of the bullish channel. The scenario could be cancelled by a breakout of the lower boundary of the Ichimoku Cloud, with the price securing below 0.8920, which will signal a further decline to 0.8825.

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RoboForex Team

RoboForex

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