Analysis for June 21st, 2016
GBP USD, “Great Britain Pound vs US Dollar”
GBP USD, Time Frame H4. Indicator signals: Tenkan-Sen and Kijun-Sen are influenced by “Golden Cross” (1); Tenkan-Sen and Senkou Span A are directed upwards. Ichimoku Cloud is still heading up (2) and widening; Chinkou Lagging Span is above the chart. Short-term forecast: we can expect support from Tenkan-Sen and growth of the price up to W Senkou Span A.
GBP USD, Time Frame H1. Indicator signals: Tenkan-Sen and Kijun-Sen are influenced by “Golden Cross” (1). Ichimoku Cloud is going up (2), Chinkou Lagging Span is above the chart, and the price is above the lines. Short-term forecast: we can expect support from Kijun-Sen, and growth of the price.
XAU USD, “Gold vs US Dollar”
XAU USD, Time Frame H4. Indicator signals: Tenkan-Sen and Kijun-Sen intersected above Kumo Cloud and formed “Dead Cross” (1). Ichimoku Cloud is still moving upwards (2); Chinkou Lagging Span is on the chart. Short‑term forecast: we can expect support from Senkou Span A, resistance from Tenkan-Sen – D Tenkan-Sen, and decline of the price towards the upside border of D Kumo.
RoboForex Analytical Department