Ichimoku Cloud Analysis 15.12.2016 (GBP/USD, GOLD)
15.12.2016
Analysis for December 15th, 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 inside Kumo Cloud, they may intersect and form “Dead Cross” (1); the lines are still influenced by D “Golden Cross” (3). Ichimoku Cloud is heading down; Chinkou Lagging Span is below the chart. Short-term forecast: we can expect the price to return to the cloud’s broken border and then fall towards D Senkou Span A.
GBP USD, Time Frame H1. Indicator signals: Tenkan-Sen and Kijun-Sen intersected under Kumo Cloud and formed “Dead Cross” (1); Tenkan-Sen is directed downwards. Ichimoku Cloud is going down (2); Chinkou Lagging Span is below the chart. Short-term forecast: we can expect resistance from Tenkan-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 still influenced by “Dead Cross” and D “Dead Cross”. Ichimoku Cloud is moving downwards, the daily cloud is falling as well. Chinkou Lagging Span is far below the chart, and the price is below the lines. Short‑term forecast: we can expect a further 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.