Ichimoku Cloud Analysis 19.02.2016 (GBP/USD, GOLD)
19.02.2016
Analysis for February 19th, 2016
GBP USD, “Great Britain Pound vs US Dollar”
GBP USD, Time Frame H4. Indicator signals: Tenkan-Sen and Kijun-Sen are influenced by “Dead Cross” (1), but Tenkan-Sen is directed upwards. Ichimoku Cloud is heading down (2), Chinkou Lagging Span is below the chart, and the price is on Tenkan-Sen. Short-term forecast: we can expect resistance from D Kijun-Sen, and decline of the price.
GBP USD, Time Frame H1. Indicator signals: Tenkan-Sen and Kijun-Sen intersected inside Kumo Cloud and formed “Dead Cross” (1). Ichimoku Cloud is going up (2), Chinkou Lagging Span is on the chart, and the price is between Tenkan-Sen and Kijun-Sen. Short-term forecast: we can expect resistance from the cloud’s upper border and attempts of the price to stay above it.
XAU USD, “Gold vs US Dollar”
XAU USD, Time Frame H4. Indicator signals: Tenkan-Sen and Kijun-Sen are influenced by “Dead Cross” (1), but they are getting closer to each other above Kumo Cloud; Senkou Span B is directed upwards. Chinkou Lagging Span is on the chart, Ichimoku Cloud is moving upwards (2), and the price is between Tenkan-Sen and Kijun-Sen, above Kumo. Short‑term forecast: we can expect support from M Kijun-Sen – D Tenkan-Sen – Senkou Span B, and growth of the price.
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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.