EUR/USD, “Euro vs. US Dollar
The EUR/USD cross is experiencing a bearish momentum. The instrument has dropped below the Ichimoku Cloud, indicating a bearish trend. A test of the Tenkan-Sen line at 1.0785 is expected, followed by a decline to 1.0585. 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 1.0965, which will mean further growth to 1.1055.
USD/JPY, US Dollar vs. Japanese Yen
The USD/JPY is bouncing off the support level. The instrument is dropping below the Ichimoku Cloud, indicating a bearish trend. A test of the Tenkan-Sen line at 147.05 is expected, followed by a decline to 144.45. A rebound from the upper border of the bearish channel will confirm the decline. The scenario can be canceled by a break of the upper border of the cloud, with the price finding a foothold above 148.60, which will imply further growth to 149.50.
XAG/USD, “Silver vs. US Dollar
Silver has found a foothold below the lower border of the bullish channel. The instrument is falling below the Ichimoku Cloud, which suggests a bearish trend. A test of the Tenkan-Sen line at 24.10 is expected, followed by a decline to 22.45. A rebound from the lower border of the bullish channel would be another signal to 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 25.45, which would imply further growth to 26.35.
