Ichimoku Cloud Analysis 02.06.2017 (GBP/USD, GOLD)

GBP USD, “Great Britain Pound vs US Dollar”

GBP USD, Time Frame H4. Indicator signals: Tenkan-Sen and Kijun-Sen intersected below Kumo Cloud and formed “Golden Cross” (1). Ichimoku Cloud is still heading down (2), Chinkou Lagging Span is on the chart, and the price is on Tenkan-Sen and Kijun-Sen. Short-term forecast: we can expect support from Kijun-Sen and resistance from D Tenkan-Sen.

GBP USD, Time Frame H1. Indicator signals: Tenkan-Sen and Kijun-Sen are intersecting above Kumo Cloud and forming “Dead Cross” (1). Ichimoku Cloud is closed (2); Chinkou Lagging Span is on the chart. Short-term forecast: we can expect resistance from Senkou Span A and support from Senkou Span B.

XAU USD, “Gold vs US Dollar”

XAU USD, Time Frame H4. Indicator signals: Tenkan-Sen and Kijun-Sen are still influenced by “Golden Cross” (1), but they are very close to each other above Kumo Cloud. Ichimoku Cloud is moving upwards (2), Chinkou Lagging Span is above the chart, and the price is on Kijun-Sen. Short‑term forecast: we can expect resistance from D Senkou Span A, support from Senkou Span B, and attempts of the price to fix above the daily cloud.

RoboForex Analytical Department