Ichimoku indicator analysis of GBP/USD and GOLD on 29.02.2016
29.02.2016
Ichimoku indicator analysis on 29 February 2016
GBP USD "Pound – dollar"
GBP USD, Time Frame H4. Indicator signals: Tenkan and Kijun are influenced by the "Dead Cross" (1) the Cloud lowers and extends (2), the Chinkou lagging remains below the chart, the price is below the lines. You can expect resistance of Tenkan and a decline of the price.
GBP USD, Time Frame H1. Indicator signals: Tenkan and Kijun dispersed in Kumo with a "dead cross" (1), the Cloud goes down (2), the Chinkou lagging line is below the chart, the price is below the lines. You can expect resistance of Tenkan and Sinkou B, then - price reduction.
GOLD "Gold"
XAUUSD, Time Frame H4. Indicator signals: Tenkan and Kijun crossed above the Kumo with a "dead cross" (1), but did not separate, the Cloud rises (2), the Chinkou lagging is above the chart, the price is at the daily Tenkan and Kijun. We can expect the support from these lines, and the price increase above the cloud.
GBP USD "Pound – dollar"
GBP USD, Time Frame H4. Indicator signals: Tenkan and Kijun are influenced by the "Dead Cross" (1) the Cloud lowers and extends (2), the Chinkou lagging remains below the chart, the price is below the lines. You can expect resistance of Tenkan and a decline of the price.
GBP USD, Time Frame H1. Indicator signals: Tenkan and Kijun dispersed in Kumo with a "dead cross" (1), the Cloud goes down (2), the Chinkou lagging line is below the chart, the price is below the lines. You can expect resistance of Tenkan and Sinkou B, then - price reduction.
GOLD "Gold"
XAUUSD, Time Frame H4. Indicator signals: Tenkan and Kijun crossed above the Kumo with a "dead cross" (1), but did not separate, the Cloud rises (2), the Chinkou lagging is above the chart, the price is at the daily Tenkan and Kijun. We can expect the support from these lines, and the price increase above the cloud.
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.