Ichimoku cloud analysis: XAU/USD, USD/CHF, AUD/USD
|XAU/USD, “Gold vs US Dollar”
Gold has secured above the resistance level. The instrument is going above the Ichimoku Cloud, which suggests an uptrend. A test of the upper border of the Cloud at 1925 is expected, followed by growth to 1995. An additional signal confirming the growth will be a bounce off the lower border of the bullish channel. The scenario can be cancelled by a breakaway of the lower border of the Cloud and securing under 1895, which will mean further falling to 1845.
USD/CHF, “US Dollar vs Swiss Franc”
The currency pair has left the borders of a bullish channel. The instrument is going inside the Ichimoku Cloud, which suggests a flat. A test of the upper border of the Cloud at 0.9200 is expected, followed by falling to 0.9025. An additional signal confirming the decline will be a bounce off the lower border of the ascending channel. The scenario can be cancelled by a breakaway of the upper border of the Cloud and securing above 0.9255, which will mean further growth to 0.9345.
AUD/USD, “Australian Dollar vs US Dollar”
The currency pair is growing in an ascending channel. The instrument is going above the Ichimoku Cloud, which suggests an uptrend. A test of the Tenkan-Sen line at 0.7065 is expected, followed by growth to 0.7265. An additional signal confirming the growth will be a bounce off the lower border of the bullish channel. The scenario can be cancelled by a breakaway of the lower border of the Cloud and securing under 0.6910, which will mean further falling to 0.6815.
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