Analysis of Ichimoku's Indicator for GBP/USD and GOLD on 19.07.2016
19.07.2016
Analysis of Ichimoku's Indicator on July 19, 2016
GBP USD "Pound-US Dollar"
GBPUSD, ТF Н4. Indicator's Signals: Tenkan-Kijun separated as "dead cross" (1), Kumo rising (2) and broadening, the late Chinkou line is on the chart, price is almost on the top border of Kumo. Support of D Tenkan and Chinkou B, and price growth could be expected.
GBPUSD, ТF Н1. Tenkan-Kijun separated under Kumo as "dead cross" (1), Tenkan and Chinkou A are directed downward, cloud descending (2), the late Chinkou line is under the chart, price is under lines. For the short term, resistance of cloud lower border and price decrease could be expected.
GOLD "Gold"
XAUUSD ТF Н4. Indicator's Signals: Tenkan and Kijun approached under Kumo, but are still under influence of "dead cross" (1), Kijun and Chinkou A are directed to the down, cloud is descending (2) and broadening, the late Chinkou line is almost on the chart, price is in Tenkan-Kijun channel. Resistance of Chinkou B and price descending to D Kijun could be expected.
GBP USD "Pound-US Dollar"
GBPUSD, ТF Н4. Indicator's Signals: Tenkan-Kijun separated as "dead cross" (1), Kumo rising (2) and broadening, the late Chinkou line is on the chart, price is almost on the top border of Kumo. Support of D Tenkan and Chinkou B, and price growth could be expected.
GBPUSD, ТF Н1. Tenkan-Kijun separated under Kumo as "dead cross" (1), Tenkan and Chinkou A are directed downward, cloud descending (2), the late Chinkou line is under the chart, price is under lines. For the short term, resistance of cloud lower border and price decrease could be expected.
GOLD "Gold"
XAUUSD ТF Н4. Indicator's Signals: Tenkan and Kijun approached under Kumo, but are still under influence of "dead cross" (1), Kijun and Chinkou A are directed to the down, cloud is descending (2) and broadening, the late Chinkou line is almost on the chart, price is in Tenkan-Kijun channel. Resistance of Chinkou B and price descending to D Kijun could be expected.
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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.