Ichimoku Cloud Analysis 29.05.2017 (GBP/USD, GOLD)
GBP USD, “Great Britain Pound vs US Dollar”
GBP USD, Time Frame H4. Indicator signals: Tenkan-Sen and Kijun-Sen intersected above Kumo Cloud and formed “Dead Cross” (1); Tenkan-Sen is directed downwards. Ichimoku Cloud is heading down (2) and expanding, 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 D Senkou Span A.
GBP USD, Time Frame H1. Indicator signals: Tenkan-Sen and Kijun-Sen intersected below Kumo Cloud and formed “Golden Cross” (1). Ichimoku Cloud is going down (2), Chinkou Lagging Span is on the chart, and the price is below the cloud. Short-term forecast: we can expect resistance from Senkou Span A, and decline of the price under the cloud.
XAU USD, “Gold vs US Dollar”
XAU USD, Time Frame H4. Indicator signals: after W Tenkan-Sen provided support, Tenkan-Sen and Kijun-Sen intersected again and formed “Golden Cross” (1); all lines are directed to the upside. Ichimoku Cloud is moving upwards (2), Chinkou Lagging Span is above the chart, and the price is above the lines. Short‑term forecast: we can expect support from Tenkan-Sen, and growth of the price towards D Senkou Span A.
RoboForex Analytical Department
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.