Ichimoku Cloud Analysis 20.07.2015 (GBP/USD, GOLD)
20.07.2015
Analysis for July 20th, 2015
GBP USD, “Great Britain Pound vs US Dollar”
GBP USD, Time Frame H4. Indicator signals: Tenkan-Sen and Kijun-Sen are influenced by “Golden Cross” (1). Chinkou Lagging Span is close to the chart; Ichimoku Cloud is going up (2). Short-term forecast: we can expect support from Kijun-Sen – Senkou Span B, and growth of the price up to W Senkou Span A.
GBP USD, Time Frame H1. Indicator signals: Tenkan-Sen and Kijun-Sen are influenced by “Dead Cross” (1); all lines except Senkou Span B are directed downwards. Chinkou Lagging Span is below the chart, Ichimoku Cloud is heading down (2), and the price is below the lines. Short-term forecast: we can expect support from H4 Kijun-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 “Dead Cross” (1). Chinkou Lagging Span is below 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.