GBP/USD, “Great Britain Pound vs US Dollar”
GBP/USD is rebounding from the resistance. The instrument is going below the Ichimoku Cloud, which suggests a downtrend. A test of the Kijun-Sen line at 1.2620 is expected, followed by a decline to 1.2525. An additional signal confirming the decline will be a rebound from the upper boundary of the bearish channel. The scenario can be cancelled by a breakout of the upper boundary of the Cloud with the price finding a foothold above 1.2675, which will mean further growth to 1.2765.
XAU/USD, “Gold vs US Dollar”
Gold is correcting within a forming bullish Wolfe Wave. The instrument is going inside the Ichimoku Cloud, which suggests a flat. A test of the lower boundary of the Cloud at 2015 is expected, followed by a rise to 2065. A signal confirming the rise will be a rebound from the lower boundary of the bullish channel. The scenario can be cancelled by a breakout of the lower boundary of the Cloud with the price finding a foothold under 1995, which will mean a further decline to 1975.
USD/CAD, “US Dollar vs Canadian Dollar”
USD/CAD has secured above the indicator’s signal lines. The instrument is going below the Ichimoku Cloud, which suggests a downtrend. A test of the lower boundary of the Cloud at 1.3585 is expected, followed by a decline to 1.3455. An additional signal confirming the decline will be a rebound from the upper boundary of the bearish channel. The scenario can be cancelled by a breakout of the upper boundary of the Cloud with the price finding a foothold above 1.3695, which will mean further growth to 1.3785. Meanwhile, the decline could be confirmed by a breakout of the lower boundary of the bullish channel with the price finding a foothold under 1.3535.
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