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 below Kumo Cloud and formed "Golden Cross" (1). Ichimoku Cloud is closed (2), Chinkou Lagging Span is on the chart, and the price is on Tenkan-Sen. Short-term forecast: we can expect resistance from Senkou Span A and support from D Senkou Span B.

GBPUSD, Time Frame H1. Indicator signals: Tenkan-Sen and Kijun-Sen ran into one another above Kumo Cloud, they may intersect and form "Dead Cross" (1). Ichimoku Cloud is going up (2), Chinkou Lagging Span is on the chart, and the price is above the cloud. Short-term forecast: we can expect resistance from Tenkan-Sen, and decline of the price.

XAUUSD, "Gold vs US Dollar"

XAUUSD, Time Frame H4. Indicator signals: Tenkan-Sen and Kijun-Sen ran into one another below Kumo Cloud, they may intersect and form "Dead Cross" (1). Ichimoku Cloud is still moving downwards (2), Chinkou Lagging Span is below the chart, and the price is below the lines. Short‑term forecast: we can expect resistance from D Senkou Span A, and 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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