By Areena FxEUR/USD (Euro vs. US Dollar):
EUR/USD has shifted below the lower boundary of the bullish channel, indicating a bearish trend. The instrument is now below the Ichimoku cloud, suggesting further downward movement. Analysts anticipate a test of the Tenkan-Sen line at 1.0845, followed by a decline to 1.0725. Confirmation of the downward trend would be signaled by a rebound from the lower boundary of the ascending channel. However, if the price breaks above 1.0915 and secures itself, it could signify further growth to 1.1005, canceling the bearish scenario.
XAU/USD (Gold vs. US Dollar):
Gold is undergoing a correction after rebounding from a resistance level. The instrument is currently above the Ichimoku Cloud, indicating an uptrend. Analysts expect a test of the lower boundary of the cloud at 2160, followed by a rise to 2235. Confirmation of the upward trend would be marked by a rebound from the lower boundary of the bullish channel. However, if the price breaks below 2140 and secures itself, it could lead to a further decline to 2105. On the other hand, a breakout above the upper boundary of the bearish channel and the price establishing itself above 2175 could confirm the growth trend.
USD/JPY (US Dollar vs. Japanese Yen):
USD/JPY is currently undergoing a correction and forming a triangle pattern. The instrument is above the Ichimoku Cloud, suggesting an uptrend. Analysts anticipate a test of the Kijun-Sen line at 150.85, followed by a rise to 153.85. Confirmation of the upward trend would be signaled by a rebound from the lower boundary of the triangle pattern. However, if the price breaks below 147.95 and secures itself, it could lead to a further decline to 147.05. Conversely, a breakout above the upper boundary of the triangle pattern and the price establishing itself above 152.45 could confirm the growth trend.