Ichimoku Cloud Analysis 18.02.2016 (GBP/USD, GOLD)

18.02.2016

Analysis for February 18th, 2016

GBP USD, “Great Britain Pound vs US Dollar”

GBP USD, Time Frame H4. Indicator signals: Tenkan-Sen and Kijun-Sen are influenced by “Dead Cross” (1). Ichimoku Cloud is heading down and widening (2), Chinkou Lagging Span is below the chart, and the price is between Tankan-Sen and Kijun-Sen. Short-term forecast: we can expect support from Tenkan-Sen and resistance from D Kijun-Sen.



GBP USD, Time Frame H1. Indicator signals: Tenkan-Sen and Kijun-Sen are forming “Golden Cross” (1) below Kumo Cloud. Ichimoku Cloud is going down (2), Chinkou Lagging Span is on the chart, and the price is on Senkou Span A. Short-term forecast: we can expect resistance from the cloud’s lower border and attempts of the price to stay inside it.




XAU USD, “Gold vs US Dollar”

XAU USD, Time Frame H4. Indicator signals: Tenkan-Sen and Kijun-Sen are influenced by “Dead Cross”(1). Chinkou Lagging Span is above the chart; Ichimoku Cloud is moving upwards (2). Short‑term forecast: we can expect resistance from D Tenkan-Sen, support from the cloud’s upper border, 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.