Ichimoku Cloud Analysis 23.02.2016 (GBP/USD, GOLD)
23.02.2016
Analysis for February 23sup>rd, 2016
GBP USD, “Great Britain Pound vs US Dollar”
GBP USD, Time Frame H4. Indicator signals: the influence of "Dead Cross" (1) remains, all lines except Sinkou B, are directed downwards, the Cloud goes down (2), the Chinkou lagging remains below the chart, the price is below the lines. You can expect resistance of Tenkan and price decline.
GBP USD, Time Frame H1. Tenkan-Kijun merged under the Kumo (1), the Cloud is moving down and expanding (2), the Chinkou lagging moved closer to the graph, the price is at Tenkan. In the short-term we can expect resistance of the lower boundary of the Cloud, and price reduction.
XAU USD, “Gold vs US Dollar”
XAUUSD Time Frame H4. Indicator signals: Tenkan and Kijun separate at Kumo in a "dead cross" (1), the Ichimoku Cloud closed (2), Tenkan is directed downward, Chinkou lagging is on the chart. The price is in the cloud, we can expect resistance at Sinkou A and migration of price to 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.