Ichimoku Cloud Analysis 12.12.2016 (GBP/USD, GOLD)
12.12.2016
Analysis for December 12th, 2016
GBP USD, “Great Britain Pound vs US Dollar”
GBP USD, Time Frame H4. Indicator signals: Tenkan-Sen and Kijun-Sen intersected above Kumo Cloud and formed “Dead Cross” (1), but the lines are still influenced by D “Golden Cross” (3). Ichimoku Cloud is heading up, the daily cloud is rising as well, and Chinkou Lagging Span is below the chart. Short-term forecast: we can expect resistance from D Tenkan-Sen, and attempts of the price to fix below the cloud.
GBP USD, Time Frame H1. Indicator signals: Tenkan-Sen and Kijun-Sen are intersecting under Kumo Cloud and forming “Golden Cross” (1). Ichimoku Cloud is going down (2); Chinkou Lagging Span is on the chart. Short-term forecast: we can expect resistance from Tenkan-Sen – Senkou Span A, and decline of the price.
XAU USD, “Gold vs US Dollar”
XAU USD, Time Frame H4. Indicator signals: Tenkan-Sen and Kijun-Sen intersected again below Kumo Cloud and formed “Dead Cross” (1); but both lines are still influenced by D “Dead Cross” (3), all lines are directed downwards. Ichimoku Cloud is moving downwards, the daily cloud is falling as well. Chinkou Lagging Span is below the chart, and the price is below the lines. Short‑term forecast: we can expect resistance from Tenkan-Sen, and decline of the price.
RoboForex Analytical Department
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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.