EUR/USD, “Euro vs. US Dollar”
EURUSD is trading at 1.1001; the instrument moves below the Ichimoku cloud, indicating a downward trend. Markets may suggest that the price could test the cloud upside at 1.1045 and then move back down to reach 1.0725. Another signal of another downtrend will be a bounce off the upper border of the descending channel. However, the bearish scenario may no longer apply if price breaks the cloud upside barrier and fixes above 1.1155. In that case, the pair could continue growing towards 1.1215.
XAG/USD, “Silver vs. US Dollar”
XAGUSD is trading at 25.70; the instrument moves above the Ichimoku cloud, indicating an upward trend. Markets may suggest that the price could test the cloud upside barrier at 25.45 and then move back up to reach 27.70. Another signal of another uptrend will be a rebound from the lower border of the rising channel. However, the bullish scenario may not be valid anymore if the price breaks the cloud down border and fixes below 24.40. In that case, the pair could continue falling towards 23.45.
GBP/USD, “Great Britain Pound vs. US Dollar”
GBPUSD is trading at 1.3092; the instrument moves below the Ichimoku cloud, indicating a downward trend. Markets may suggest that price could test Tenkan-Sen and Kijun-Sen at 1.3160 and then move back down to reach 1.2820. Another signal of another downtrend will be a bounce off the upper border of the descending channel. However, the bearish scenario may no longer apply if price breaks the cloud upside barrier and fixes above 1.3335. In that case, the pair could continue growing towards 1.3425.
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