XAG/USD, “Silver vs. US Dollar”
XAG/USD trades at 23.93; the instrument moves above the Ichimoku cloud, indicating an upward trend. Markets may suggest that the price could test Tenkan-Sen and Kijun-Sen at 23.60 and then move back up to reach 25.15. Another signal of another uptrend will be a bounce off the upper 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 22.65. In that case, the pair could continue falling towards 21.75.
AUD/USD, “Australian Dollar vs. US Dollar”
AUD/USD is trading at 0.7209; the instrument moves above the Ichimoku cloud, indicating an upward trend. Markets may indicate that the price could test the cloud upside boundary at 0.7155 and then move back up to reach 0.7370. Another signal of another uptrend will be a bounce off the downside border of the rising channel. However, the bullish scenario may no longer apply if price breaks the cloud downside barrier and fixes below 0.7110. In that case, the pair could continue falling towards 0.7020.
GBP/USD, “Great Britain Pound vs. US Dollar”
GBP/USD is trading at 1.3616; the instrument moves above the Ichimoku cloud, indicating an upward trend. Markets may suggest that the price could test the cloud upside boundary at 1.3575 and then move back up to reach 1.3790. Another signal of another uptrend will be a bounce off the upper border of the triangle pattern. However, the bullish scenario may no longer apply if price breaks the cloud downside barrier and fixes below 1.3495. In that case, the pair could continue falling towards 1.3405.
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