Ichimoku Cloud Analysis 07.06.2016 (GBP/USD, GOLD)
07.06.2016
Analysis for June 7th, 2016
GBP USD, “Great Britain Pound vs US Dollar”
GBP USD, Time Frame H4. Indicator signals: Tenkan-Sen and Kijun-Sen ran into one another below Kumo Cloud; they may intersect and form “Golden Cross” (1). Ichimoku Cloud is heading down (2); Chinkou Lagging Span is on the chart. Short-term forecast: we can expect resistance from Senkou Span A, support from Senkou Span B, and growth of the price.
GBP USD, Time Frame H1. Indicator signals: Tenkan-Sen and Kijun-Sen intersected above Kumo Cloud and formed “Golden Cross” (1). Ichimoku Cloud is going up (2); Chinkou Lagging Span is above the chart. Short-term forecast: we can expect support from Tenkan-Sen, and growth of the price.
XAU USD, “Gold vs US Dollar”
XAU USD, Time Frame H4. Indicator signals: Tenkan-Sen and Kijun-Sen are influenced by “Golden Cross” (1). Ichimoku Cloud is moving upwards (2); Chinkou Lagging Span is above the chart. Short‑term forecast: we can expect resistance from the cloud’s upside border and support from D Tenkan-Sen.
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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.