Ichimoku Cloud Analysis 25.08.2016 (GBP/USD, GOLD)

25.08.2016

Analysis for August 25th, 2016

GBP USD, “Great Britain Pound vs US Dollar”

GBP USD, Time Frame H4. Indicator signals: Tenkan-Sen and Kijun-Sen are still influenced by “Golden Cross” (1). Ichimoku Cloud continues heading up (2) and widening, Chinkou Lagging Span is above the chart, and the price is on Tenkan-Sen. Short-term forecast: we can expect support from D Kijun-Sen, and growth of the price.



GBP USD, Time Frame H1. Indicator signals: Tenkan-Sen and Kijun-Sen intersected above Kumo Cloud and formed “Dead Cross” (1). Ichimoku Cloud is still going up (2), Chinkou Lagging Span is on the chart, and the price is above Kumo. Short-term forecast: we can expect support from Senkou Span A and resistance from Kijun-Sen.




XAU USD, “Gold vs US Dollar”

XAU USD, Time Frame H4. Indicator signals: Tenkan-Sen and Kijun-Sen are influenced by “Dead Cross” (1). Ichimoku Cloud is moving downwards (2) and widening, Chinkou Lagging Span is below the chart, and the price is near D Kumo’s upside border. Short‑term forecast: we can expect resistance from Tenkan-Sen, and attempts of the price to stay inside the daily cloud.



 
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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.