Ichimoku Cloud Analysis 16.12.2016 (GBP/USD, GOLD)
16.12.2016
Analysis for December 16th, 2016
GBP USD, “Great Britain Pound vs US Dollar”
GBP USD, Time Frame H4. Indicator signals: Tenkan-Sen and Kijun-Sen intersected below Kumo Cloud formed “Dead Cross” (1); D Tenkan-Sen and D Kijun-Sen are very close to each other above the cloud. Ichimoku Cloud is heading down (2); Chinkou Lagging Span is below the chart. Short-term forecast: we can expect resistance from Tenkan-Sen, and decline of the price.
GBP USD, Time Frame H1. Indicator signals: Tenkan-Sen and Kijun-Sen are influenced by “Dead Cross” (1). Ichimoku Cloud is going down (2); Chinkou Lagging Span is getting closer to the chart. Short-term forecast: we can expect resistance from 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 are still influenced by “Dead Cross” and D “Dead Cross”; all lines except Senkou Span B are directed downwards. Ichimoku Cloud is moving downwards, the daily cloud is falling as well. Chinkou Lagging Span is far below the chart, and the price is on Tenkan-Sen. Short‑term forecast: we can expect resistance from Kijun-Sen, and a further decline of the price.
RoboForex Analytical Department
Attention!
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.