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 intersected and formed "Golden Cross" (1) again, all lines are directed upwards; D Tenkan-Sen and D Kijun-Sen are still influenced by D "Golden Cross" (3). Ichimoku Cloud is heading up (2), Chinkou Lagging Span is above the chart, and the price is above the lines. Short-term forecast: we can expect support from W Senkou Span A, and a further growth of the price.

GBPUSD, Time Frame H1. Indicator signals: Tenkan-Sen and Kijun-Sen intersected above Kumo Cloud and formed "Golden Cross" again. Ichimoku Cloud is going up (2), Chinkou Lagging Span is above the chart, and the price is above the lines. Short-term forecast: we can expect support from Tenkan-Sen, and growth of the price.

XAUUSD, "Gold vs US Dollar"

XAUUSD, Time Frame H4. Indicator signals: Tenkan-Sen and Kijun-Sen are still influenced by "Dead Cross" (1); Tenkan-Sen is directed downwards. Ichimoku Cloud is moving downwards and expanding, Chinkou Lagging Span is below the chart, and the price is between Tenkan-Sen and Kijun-Sen. Short‑term forecast: we can expect resistance from D Kijun-Sen, and a further decline of the price.

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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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