Article By RoboForex.com
USDJPY, “US Dollar vs Japanese Yen”
USDJPY is trading at 105.63; the instrument is moving below Ichimoku Cloud, thus indicating a descending tendency. The markets could indicate that the price may test Tenkan-Sen and Kijun-Sen at 105.75 and then resume moving downwards to reach 105.25. Another signal in favor of further downtrend will be a rebound from the descending channel’s upside border. However, the bearish scenario may no longer be valid if the price breaks the cloud’s upside border and fixes above 106.05. In this case, the pair may continue growing towards 107.15.
USDCHF, “US Dollar vs Swiss Franc”
USDCHF is trading at 0.9062; the instrument is moving below Ichimoku Cloud, thus indicating a descending tendency. The markets could indicate that the price may test the cloud’s upside border at 0.9080 and then resume moving downwards to reach 0.8985. Another signal in favor of further downtrend will be a rebound from the upside border of the Triangle pattern. However, the bearish scenario may no longer be valid if the price breaks the cloud’s upside border and fixes above 0.9105. In this case, the pair may continue growing towards 0.9210. To confirm further decline, the asset must break the downside border of the Triangle pattern and fix below 0.9020.
Free Reports:
Sign Up for Our Stock Market Newsletter – Get updated on News, Charts & Rankings of Public Companies when you join our Stocks Newsletter
Get our Weekly Commitment of Traders Reports - See where the biggest traders (Hedge Funds and Commercial Hedgers) are positioned in the futures markets on a weekly basis.
XAUUSD, “Gold vs US Dollar”
XAUUSD is trading at 1966.00; the instrument is moving above Ichimoku Cloud, thus indicating an ascending tendency. The markets could indicate that the price may test Tenkan-Sen and Kijun-Sen at 1955.00 and then resume moving upwards to reach 2005.00. Another signal in favor of further uptrend will be a rebound from the rising channel’s downside border. However, the bullish scenario may no longer be valid if the price breaks the cloud’s downside border and fixes below 1935.00. In this case, the pair may continue falling towards 1910.00.
Article By RoboForex.com
Attention!
Forecasts presented in this section only reflect the author’s private opinion and should not be considered as guidance for trading. RoboForex LP bears no responsibility for trading results based on trading recommendations described in these analytical reviews.
- Trade Of The Week: EURCHF to challenge major resistance? Mar 18, 2024
- US stock indices are under quarterly expiration pressure. The focus of attention this week is on central bank meetings Mar 18, 2024
- AUD/USD Stabilizes Amid Chinese Economic Data and US Inflation Concerns Mar 18, 2024
- COT Metals Charts: Speculator Bets led by Silver & Platinum Mar 16, 2024
- COT Bonds Charts: Speculator Bets led by SOFR 3-Months & 10-Year Bonds Mar 16, 2024
- COT Soft Commodities Charts: Speculator Bets led by Corn & Soybeans Mar 16, 2024
- COT Stock Market Charts: Speculator Bets led by Russell & Nikkei 225 Mar 16, 2024
- This Copper Co. May Be a Perfect Proxy for 2024 Metals Advances, Expert Says Mar 15, 2024
- Rising US producer inflation may reduce the number of scheduled Fed rate cuts Mar 15, 2024
- Yen Weakens Despite Japan’s Deflation Exit Mar 15, 2024