Ichimoku Cloud Analysis 21.12.2015 (GBP/USD, GOLD)
21.12.2015
Analysis for December 21st, 2015
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 still heading down (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 decline of the price.
GBP USD, Time Frame H1. Indicator signals: Tenkan-Sen and Kijun-Sen ran into one another near Kumo’s lower border (1). Ichimoku Cloud is closed; Chinkou Lagging Span is rebounding from the chart downwards. Short-term forecast: we can expect resistance from the cloud’s lower 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 below Kumo Cloud (1); Tenkan-Sen is directed upwards. Chinkou Lagging Span is on the chart, Ichimoku Cloud is moving downwards (2), and the price is near the cloud’s upper border. Short‑term forecast: we can expect growth of the price and support from D Kijun-Sen.
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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.