Ichimoku Cloud Analysis: GBP/USD, Gold

RoboForex Team RoboForex

GBPUSD, "Great Britain Pound vs US Dollar"

GBPUSD, Time Frame H4. Indicator signals: Tenkan-Sen and Kijun-Sen are still influenced by "Golden Cross" (1); D Tenkan-Sen and D Kijun-Sen are very close to each other, they may intersect and form D "Golden Cross". Ichimoku Cloud is heading up (2) and expanding; Chinkou Lagging Span is above the chart. Short-term forecast: we can expect resistance from Tenkan-Sen – D Senkou Span A, and the price to be corrected towards support from W Tenkan-Sen.

GBPUSD, Time Frame H1. Indicator signals: Tenkan-Sen and Kijun-Sen intersected above Kumo Cloud and formed "Dead Cross" (1). Ichimoku Cloud is going up (2); Chinkou Lagging Span is below the chart. Short-term forecast: we can expect support from Senkou Span B, resistance from Kijun-Sen – Senkou Span A, and attempts of the price to fix below the cloud.

XAUUSD, "Gold vs US Dollar"

XAUUSD, Time Frame H4. Indicator signals: Tenkan-Sen and Kijun-Sen are still influenced by "Golden Cross" (1); Tenkan-Sen and Kijun-Sen formed D "Dead Cross" (3). Ichimoku Cloud is moving upwards (2), Chinkou Lagging Span is above the chart, and the price is between Tenkan-Sen and Kijun-Sen. Short‑term forecast: we can expect support from Kijun-Sen, resistance from Tenkan-Sen, and the price to be corrected downwards to reach W Kijun-Sen.

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RoboForex Team

RoboForex

RoboForex Team is a group of professional financial experts with high experience on financial market, whose main purpose is to provide traders with quality and up-to-date market information.

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