Ichimoku cloud analysis: EUR/USD, XAU/USD, NZD/USD
The EUR/USD pair is currently on the rise in a bullish channel, moving above the Ichimoku Cloud which indicates an uptrend. It is expected to test the Tenkan-Sen line at 1.0795 and then rise to 1.0920. A rebound from the lower boundary of the bullish channel would confirm this upward movement. However, if the price breaks below 1.0715, signaling a decline to 1.0625, the scenario may change.
Gold, in the XAU/USD pair, is rebounding from the upper boundary of a descending channel and moving above the Ichimoku Cloud, suggesting an uptrend. A test of the Kijun-Sen line at 2335 is expected, followed by a rise to 2415. Confirmation of this rise would be a rebound from the lower boundary of the bullish channel. Conversely, a breakout below 2290 could lead to a decline to 2265. A rise above 2370 would confirm the upward trend.
The NZD/USD pair has broken out of the Triangle pattern boundaries and is moving above the Ichimoku Cloud, indicating an uptrend. It is expected to test the Tenkan-Sen line at 0.6025 and rise to 0.6145. A rebound from the upper boundary of the Triangle pattern would confirm this upward movement. However, a breakout below 0.5950 could signal a decline to 0.5860.