GBP/USD, “Pound Sterling vs.
The GBP/USD is rising within a bullish channel. The instrument is rising above the Ichimoku Cloud, which indicates an upward trend. A test of the Tenkan-Sen line at 1.2445 is expected, followed by a rise to 1.2605. A rebound from the lower border of the bullish channel would be another signal to confirm the rise. The scenario can be canceled by a break of the lower boundary of the cloud with the price finding a foothold below 1.2205, which will mean a further decline to 1.2110.
USD/CAD, US Dollar vs. Canadian Dollar
The USD/CAD is correcting the triangle pattern. The instrument is dropping below the Ichimoku Cloud, indicating a bearish trend. A test of the cloud’s lower border at 1.3735 is expected, followed by a decline to 1.3535. A rebound from the upper border of the bearish channel would be another signal to confirm the decline. The scenario can be canceled by a break above the upper boundary of the cloud, with the price finding a foothold above 1.3785, which will mean further growth to 1.3870. Meanwhile, the decline could be confirmed by a break of the lower boundary of the triangle pattern with the price finding a foothold below 1.3640.
USD/CHF, US Dollar vs. Swiss Franc
The USD/CHF cross is pushing against the indicator’s signal lines. The instrument has dropped below the Ichimoku Cloud, indicating a bearish trend. A test of the Tenkan-Sen line at 0.8895 is expected, followed by a decline to 0.8675. A rebound from the upper border of the bearish channel will also confirm the decline. The scenario can be canceled by a break of the upper boundary of the cloud, with the price finding a foothold above 0.8985, which will mean further growth to 0.9075.
