Ichimoku Cloud Analysis 13.12.2016 (GBP/USD, GOLD)
13.12.2016
Analysis for December 13th, 2016
GBP USD, “Great Britain Pound vs US Dollar”
GBP USD, Time Frame H4. Indicator signals: Tenkan-Sen and Kijun-Sen are getting closer to each other, but are still influenced by “Dead Cross” (1) and D “Golden Cross” (3). The channel between D Tenkan-Sen and D Kijun-Sen is getting wider. Ichimoku Cloud is heading up, the daily cloud is rising as well, and Chinkou Lagging Span is very close to the chart. Short-term forecast: we can expect support from Kijun-Sen, and growth of the price.
GBP USD, Time Frame H1. Indicator signals: Tenkan-Sen and Kijun-Sen intersected under Kumo Cloud and formed “Golden Cross” (1). Ichimoku Cloud is going up (2); Chinkou Lagging Span is above the chart. Short-term forecast: we can expect support from Tenkan-Sen, and growth of the price.
XAU USD, “Gold vs US Dollar”
XAU USD, Time Frame H4. Indicator signals: Tenkan-Sen and Kijun-Sen are very close to each other (1) and still influenced “Dead Cross” (1) and D “Dead Cross”. Ichimoku Cloud is moving downwards, the daily cloud is falling as well. Chinkou Lagging Span is rebounding from the chart to the downside, and the price is on Tenkan-Sen. Short‑term forecast: we can expect an ascending correction, resistance from Senkou Span A, 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.