Ichimoku Cloud Analysis 14.12.2016 (GBP/USD, GOLD)
14.12.2016
Analysis for December 14th, 2016
GBP USD, “Great Britain Pound vs US Dollar”
GBP USD, Time Frame H4. Indicator signals: Tenkan-Sen and Kijun-Sen intersected near Kumo’s upside border and formed “Golden Cross” (1); 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 on the chart. Short-term forecast: we can expect support from Kijun-Sen – Senkou Span A, and growth of the price.
GBP USD, Time Frame H1. Indicator signals: Tenkan-Sen and Kijun-Sen intersected under Kumo Cloud and formed “Dead Cross” (1), but Tenkan-Sen is directed upwards. Ichimoku Cloud is going up (2); Chinkou Lagging Span is below the chart. Short-term forecast: we can expect decline of the price inside the cloud towards support from Senkou Span B.
XAU USD, “Gold vs US Dollar”
XAU USD, Time Frame H4. Indicator signals: Tenkan-Sen and Kijun-Sen are still influenced “Dead Cross” and D “Dead Cross”. Ichimoku Cloud is moving downwards, the daily cloud is falling as well. Chinkou Lagging Span is below the chart, and the price is on Tenkan-Sen. Short‑term forecast: we can expect resistance from Kijun-Sen – D Tenkan-Sen, support from Tenkan-Sen, and the price to be corrected up to the cloud’s downside border.
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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.