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Home / Analytics / Forex analysis & forecasts / Forex Ichimoku cloud analysis and forecast / Ichimoku Cloud Analysis 12.08.2016 (GBP/USD, GOLD)
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Ichimoku Cloud Analysis 12.08.2016 (GBP/USD, GOLD)

12.08.2016

Analysis for August 12th, 2016

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); Kijun-Sen and Senkou Span A are directed downwards. Ichimoku Cloud is heading down and widening (2), Chinkou Lagging Span is below the chart, and the price is below the lines. Short-term forecast: we can expect resistance from Tenkan-Sen, and a further decline of the price.



GBP USD, Time Frame H1. Indicator signals: Tenkan-Sen and Kijun-Sen are still influenced by “Dead Cross” (1). Ichimoku Cloud is going down (2) and widening, Chinkou Lagging Span is on the chart, and the price is on Tenkan-Sen. Short-term forecast: we can expect resistance from the cloud’s downside border, and decline of the price.




XAU USD, “Gold vs US Dollar”

XAU USD, Time Frame H4. Indicator signals: Tenkan-Sen and Kijun-Sen ran into one another inside Kumo Cloud (1); Kijun-Sen and Senkou Span A are directed downwards. Ichimoku Cloud is moving downwards and widening (2), Chinkou Lagging Span is very close to the chart, and the price is below the lines. Short‑term forecast: we can expect resistance from D Kijun-Sen, and decline of the price towards D Senkou Span A.



 
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