Ichimoku Cloud Analysis 09.05.2017 (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 up (2), Chinkou Lagging Span is rebounding from the chart to the upside, and the price is between Tenkan-Sen and Kijun-Sen. Short-term forecast: we can expect support from the cloud’s upside border, and a further growth of the price.

GBP USD, Time Frame H1. Indicator signals: Tenkan-Sen and Kijun-Sen are influenced by “Dead Cross” (1). Ichimoku Cloud is going down (2), Chinkou Lagging Span is on the chart, and the price is inside Kumo. Short-term forecast: we can expect support from Tenkan-Sen, and attempts of the price to fix below 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 “Dead Cross” (1). Ichimoku Cloud is moving downwards (2), Chinkou Lagging Span is below the chart, and the price is on Tenkan-Sen. Short‑term forecast: we can expect decline of the price towards W Kijun-Sen.

RoboForex Analytical Department