Analysis for June 22nd, 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 “Golden Cross” (1). Ichimoku Cloud continues heading up (2) and widening; Chinkou Lagging Span is above the chart. Short-term forecast: we can expect resistance from Tenkan-Sen and growth of the price up to W Senkou Span A.
GBP USD, Time Frame H1. Indicator signals: Tenkan-Sen and Kijun-Sen ran into one another inside Kumo Cloud; they may intersect and form “Dead Cross” (1). Ichimoku Cloud is closed (2), Chinkou Lagging Span is below the chart, and the price is inside the cloud. Short-term forecast: we can expect resistance from Senkou Span A and support from Senkou Span B.
XAU USD, “Gold vs US Dollar”
XAU USD, Time Frame H4. Indicator signals: Tenkan-Sen and Kijun-Sen are influenced by “Dead Cross” (1); Tenkan-Sen and Senkou Span A are directed upwards. Ichimoku Cloud is moving downwards (2); Chinkou Lagging Span is below the chart. Short‑term forecast: we can expect support from D Kijun-Sen, and decline of the price towards D Kumo.
RoboForex Analytical Department
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