Ichimoku Cloud Analysis 02.08.2016 (GBP/USD, GOLD)
02.08.2016
Analysis for August 2nd, 2016
GBP USD, “Great Britain Pound vs US Dollar”
GBP USD, Time Frame H4. Indicator signals: Tenkan-Sen and Kijun-Sen are influenced by “Golden Cross” (1); Kijun-Sen is directed upwards. Ichimoku Cloud is heading up (2), Chinkou Lagging Span is above the chart, and the price is on Kijun-Sen. Short-term forecast: we can expect support from D Tenkan-Sen, and growth of the price inside the cloud.
GBP USD, Time Frame H1. Indicator signals: Tenkan-Sen and Kijun-Sen are intersecting and forming “Golden Cross” (1). Ichimoku Cloud is going down so far (2), Chinkou Lagging Span is on the chart, and the price is on Kijun-Sen. Short-term forecast: we can expect resistance from Senkou Span B.
XAU USD, “Gold vs US Dollar”
XAU USD, Time Frame H4. Indicator signals: Tenkan-Sen and Kijun-Sen are still influenced by “Golden Cross” (1); all lines are directed upwards. Ichimoku Cloud is moving upwards (2), Chinkou Lagging Span is above the chart, and the price is on Tenkan-Sen. Short‑term forecast: we can expect support from Tenkan-Sen, and growth of the price.
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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.