Ichimoku Cloud Analysis 22.08.2016 (GBP/USD, GOLD)

22.08.2016

Analysis for August 22nd, 2016

GBP USD, “Great Britain Pound vs US Dollar”

GBP USD, Time Frame H4. Indicator signals: Tenkan-Sen and Kijun-Sen intersected below Kumo Cloud and formed “Golden Cross” (1); Tenkan-Sen and Senkou Span A are directed downwards. Ichimoku Cloud is heading up (2), Chinkou Lagging Span is above the chart, and the price is inside Kumo, on Tenkan-Sen. Short-term forecast: we can expect resistance from Tenkan-Sen and support from D Tenkan-Sen.



GBP USD, Time Frame H1. Indicator signals: Tenkan-Sen and Kijun-Sen ran into one another near Kumo’s downside border, they may intersect and form “Dead Cross” (1); Kijun-Sen and Senkou Span A are directed downwards. Ichimoku Cloud is going down (2), Chinkou Lagging Span is below the chart, and the price is inside the cloud. Short-term forecast: we can expect attempts of the price to stay under the cloud.




XAU USD, “Gold vs US Dollar”

XAU USD, Time Frame H4. Indicator signals: Tenkan-Sen and Kijun-Sen intersected inside Kumo Cloud and formed “Dead Cross” (1); Tenkan-Sen and Senkou Span A are directed downwards. Ichimoku Cloud is moving downwards (2), Chinkou Lagging Span is on the chart, and the price is below the lines. Short‑term forecast: we can expect resistance from D Kijun-Sen, and decline of the price towards support from D Senkou Span A.



 
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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.