Ichimoku Cloud Analysis 06.06.2017 (GBP/USD, GOLD)

GBP USD, “Great Britain Pound vs US Dollar”

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

GBP USD, Time Frame H1. Indicator signals: Tenkan-Sen and Kijun-Sen are influenced by “Golden Cross” (1); the lines are very close to each other. Ichimoku Cloud is going up (2); Chinkou Lagging Span is on the chart. Short-term forecast: we can expect support from Senkou Span B, resistance from Tenkan-Sen, and attempts of the price to fix below the cloud.

XAU USD, “Gold vs US Dollar”

XAU USD, Time Frame H4. Indicator signals: Tenkan-Sen and Kijun-Sen are very close to each other and still influenced by “Golden Cross” (1); all lines are directed to the upside. Ichimoku Cloud is still moving upwards (2), Chinkou Lagging Span is far above the chart, and the price is above the lines. Short‑term forecast: we can expect support from Tenkan-Sen, and growth of the price towards the downside border of M Kumo.

RoboForex Analytical Department