Ichimoku Cloud Analysis 26.07.2016 (GBP/USD, GOLD)
26.07.2016
Analysis for July 26th, 2016
GBP USD, “Great Britain Pound vs US Dollar”
GBP USD, Time Frame H4. Indicator signals: Tenkan-Sen and Kijun-Sen intersected inside Kumo Cloud and formed “Dead Cross” (1). Ichimoku Cloud is heading down and widening (2), Chinkou Lagging Span is on the chart, and the price is on Senkou Span B. Short-term forecast: we can expect resistance from Kijun-Sen, decline of the price under the cloud.
GBP USD, Time Frame H1. Indicator signals: Tenkan-Sen and Kijun-Sen ran into one another below Kumo Cloud (1). Ichimoku Cloud is closed (2), Chinkou Lagging Span is on the chart, and the price is under Kumo. Short-term forecast: we can expect support from Tenkan-Sen – Kijun-Sen and resistance from Senkou Span B.
XAU USD, “Gold vs US Dollar”
XAU USD, Time Frame H4. Indicator signals: Tenkan-Sen and Kijun-Sen are close to each other and still influenced by “Dead Cross” (1). Ichimoku Cloud is moving downwards (2), Chinkou Lagging Span is below the chart, and the price is between Tenkan-Sen and Kijun-Sen. Short‑term forecast: we can expect resistance from Kijun-Sen – Senkou Span A, and decline of the price up to D Kijun-Sen.
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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.