Ichimoku indicator analysis for GBP/USD and GOLD on 24.02.2016

24.02.2016
Ichimoku indicator analysis on 24 February 2016

GBP USD "Pound – dollar"


Ichimoku indicator analysis for GBP/USD and GOLD on 24.02.2016

GBPUSD, Time Frame H4. Indicator signals: Tenkan and Kijun are under the influence of the "Dead Cross" (1) the Cloud goes down and extends (2), the Chinkou lagging is below the chart and is removed from it, the price is below the lines. You can expect resistance of Tenkan and a decline in price.


Ichimoku indicator analysis for GBP/USD and GOLD on 24.02.2016

GBPUSD, Time Frame H1. Indicator signals: Tenkan and Kijun after convergence (1), separated under Kuma with a "dead cross" (1), the cloud goes down (2), the Chinkou lagging is below the chart, the price is at Tenkan. You can expect resistance of Kijun and price decline.


GOLD "Gold"

Ichimoku indicator analysis for GBP/USD and GOLD on 24.02.2016

XAUUSD, Time Frame H4. Indicator signals: Tenkan and Kijun merged above Kumo (1), the Cloud closed (2), the Chinkou lagging is on schedule. You can expect support of Tenkan and price growth.
Attention!

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.