Ichimoku Cloud Analysis 22.07.2015 (GBP/USD, GOLD)
22.07.2015
Analysis for July 22nd, 2015
GBP USD, “Great Britain Pound vs US Dollar”
GBP USD, Time Frame H4. Indicator signals: Tenkan-Sen and Kijun-Sen intersected above Kumo Cloud and formed “Dead Cross” (1). Chinkou Lagging Span is on the chart; Ichimoku Cloud is still going up and widening (2). Short-term forecast: we can expect resistance from W Senkou Span A and support from the cloud’s lower border.
GBP USD, Time Frame H1. Indicator signals: Tenkan-Sen and Kijun-Sen are influenced by “Golden Cross” (1). Chinkou Lagging Span is above the chart, Ichimoku Cloud is heading up (2), and the price is above the lines. Short-term forecast: we can expect support from Tenkan-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 still influenced by “Dead Cross” (1); Kijun-Sen is directed downwards. Chinkou Lagging Span is below the chart; Ichimoku Cloud is still moving downwards (2). Short‑term forecast: we can expect resistance from 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.