Ichimoku Cloud Analysis 10.07.2015 (GBP/USD, GOLD)

10.07.2015

Analysis for July 10th, 2015

GBP USD, “Great Britain Pound vs US Dollar”

GBP USD, Time Frame H4. Indicator signals: Tenkan-Sen and Kijun-Sen are still influenced by “Dead Cross” (1); Tenkan-Sen and Senkou Span A are directed upwards. Chinkou Lagging Span is below the chart, Ichimoku Cloud is going down (2), and the price is on Kijun-Sen. Short-term forecast: we can expect growth of the price towards Senkou Span A and D Tenkan-Sen.



GBP USD, Time Frame H1. Indicator signals: Tenkan-Sen and Kijun-Sen intersected and formed “Golden Cross” (1). Chinkou Lagging Span is above the chart, Ichimoku Cloud is heading up (2), and the price is above Kumo. 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 intersected below Kumo Cloud and formed “Golden Cross” (1). Chinkou Lagging Span is on the chart; Ichimoku Cloud is moving downwards (2). Short‑term forecast: we can expect resistance from D Tenkan-Sen, and decline 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.