Ichimoku Cloud Analysis 10.06.2016 (GBP/USD, GOLD)
10.06.2016
Analysis for June 10th, 2016
GBP USD, “Great Britain Pound vs US Dollar”
GBP USD, Time Frame H4. Indicator signals: Tenkan-Sen and Kijun-Sen intersected inside Kumo Cloud and formed “Dead Cross” (1). Ichimoku Cloud is heading down (2), Chinkou Lagging Span is on the chart, and the price is below the lines. Short-term forecast: we can expect resistance from D Senkou Span A – Tenkan-Sen and support from W Tenkan-Sen.
GBP USD, Time Frame H1. Indicator signals: Tenkan-Sen and Kijun-Sen are influenced by “Dead Cross” (1). Ichimoku Cloud is going down (2) and widening, Chinkou Lagging Span is below the chart, and the price is on Tenkan-Sen. Short-term forecast: we can expect support from Tenkan-Sen, resistance from Kijun-Sen, and attempts of the price to stay inside the cloud.
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); Kijun-Sen and Senkou Span A are directed upwards. Ichimoku Cloud is moving upwards (2) and widening, Chinkou Lagging Span is above the chart, and the price is above the lines, near the D Kumo’s upside border. Short‑term forecast: we can expect resistance from D Senkou Span A, support from D Senkou Span B, and a further 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.