Ichimoku Cloud Analysis 22.06.2016 (GBP/USD, GOLD)

22.06.2016

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.



 
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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.