Ichimoku Cloud Analysis 11.02.2016 (GBP/USD, GOLD)
11.02.2016
Analysis for February 11th, 2016
GBP USD, “Great Britain Pound vs US Dollar”
GBP USD, Time Frame H4. Indicator signals: Tenkan-Sen and Kijun-Sen ran into one another above Kumo Cloud (1); all lines except Senkou Span B are directed downwards. Ichimoku Cloud is heading up (2), Chinkou Lagging Span is below the chart, and the price is near the cloud’s upper border. Short-term forecast: we can expect support from Senkou Span B, and growth of the price above the cloud.
GBP USD, Time Frame H1. Indicator signals: Tenkan-Sen and Kijun-Sen intersected above Kumo Cloud and formed “Dead Cross” (1). Ichimoku Cloud is closed (2), Chinkou Lagging Span is on the chart, and the price is inside Kumo. Short-term forecast: we can expect resistance from Kijun-Sen, and decline of the price.
XAU USD, “Gold vs US Dollar”
XAU USD, Time Frame H4. Indicator signals: Tenkan-Sen and Kijun-Sen are influenced by “Golden Cross” (1); all lines are directed upwards. Chinkou Lagging Span is far above the chart, Ichimoku Cloud is moving upwards (2), and the price is above the lines. Short‑term forecast: we can expect the price to reach resistance from M Kijun-Sen and then start a descending correction.
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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.