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Home / Analytics / Forex analysis & forecasts / Forex Ichimoku cloud analysis and forecast / Ichimoku Cloud Analysis 11.02.2016 (GBP/USD, GOLD)
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Ichimoku Cloud Analysis 11.02.2016 (GBP/USD, GOLD)

11.02.2016

Analysis for February 11th, 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 above Kumo Cloud (1); all lines except Senkou Span B are directed downwards. Ichimoku Cloud is heading up (2), Chinkou Lagging Span is below the chart, and the price is near the cloud’s upper border. Short-term forecast: we can expect support from Senkou Span B, and growth of the price above the cloud.



GBP USD, Time Frame H1. Indicator signals: Tenkan-Sen and Kijun-Sen intersected above Kumo Cloud and formed “Dead Cross” (1). Ichimoku Cloud is closed (2), Chinkou Lagging Span is on the chart, and the price is inside Kumo. Short-term forecast: we can expect resistance from Kijun-Sen, and decline 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); all lines are directed upwards. Chinkou Lagging Span is far above the chart, Ichimoku Cloud is moving upwards (2), and the price is above the lines. Short‑term forecast: we can expect the price to reach resistance from M Kijun-Sen and then start a descending correction.



 
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