Ichimoku Cloud Analysis 11.05.2017 (GBP/USD, GOLD)

GBP USD, “Great Britain Pound vs US Dollar”

GBP USD, Time Frame H4. Indicator signals: Tenkan-Sen and Kijun-Sen are very close to each other above Kumo Cloud; they may intersect and form “Dead Cross” (1). Ichimoku Cloud is very narrow, but still heading up (2), Chinkou Lagging Span is very close to the chart, and the price is on D Tenkan-Sen. Short-term forecast: we can expect support from Senkou Span A, and attempts of the price to fix below the cloud.

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 below the chart, and the price is on Tenkan-Sen. Short-term forecast: we can expect resistance from Kijun-Sen, and decline of the price.

XAU USD, “Gold vs US Dollar”

XAU USD, Time Frame H4. Indicator signals: Tenkan-Sen and Kijun-Sen are getting closer to each other, but still influenced by “Dead Cross” (1). Ichimoku Cloud is moving downwards (2) and expanding, Chinkou Lagging Span is close to the chart, and the price is between Tenkan-Sen and Kijun-Sen. Short‑term forecast: we can expect support from Tenkan-Sen and resistance from D Senkou Span A.

RoboForex Analytical Department