Ichimoku Cloud Analysis 08.06.2016 (GBP/USD, GOLD)

08.06.2016

Analysis for June 8th, 2016

GBP USD, “Great Britain Pound vs US Dollar”

GBP USD, Time Frame H4. Indicator signals: Tenkan-Sen and Kijun-Sen intersected below Kumo Cloud and formed “Golden Cross” (1). Ichimoku Cloud is heading down (2), but very narrow; Chinkou Lagging Span is above the chart. Short-term forecast: we can expect resistance from D Tenkan-Sen – D Kijun-Sen – W Kijun-Sen, and growth of the price.



GBP USD, Time Frame H1. Indicator signals: Tenkan-Sen and Kijun-Sen intersected above Kumo Cloud and formed “Dead Cross” (1), but both lines are still close to each other; Senkou Span B is directed upwards. Ichimoku Cloud is going up (2), Chinkou Lagging Span is close to the chart, and the price is above the lines. Short-term forecast: we can expect support from Tenkan-Sen – Kijun-Sen – Senkou Span A, and growth of the price.




XAU USD, “Gold vs US Dollar”

XAU USD, Time Frame H4. Indicator signals: Tenkan-Sen and Kijun-Sen are still influenced by “Golden Cross” (1). Ichimoku Cloud is moving upwards (2), Chinkou Lagging Span is above the chart, and the price is above the lines. Short‑term forecast: we can expect support from D Kijun-Sen, and growth of the price.



 
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Forecasts presented in this section only reflect the author’s private opinion and should not be considered as guidance for trading. RoboForex bears no responsibility for trading results based on trading recommendations described in these analytical reviews.