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Home / Analytics / Forex analysis & forecasts / Forex Ichimoku cloud analysis and forecast / Ichimoku Cloud Analysis 23.05.2016 (GBP/USD, GOLD)
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Ichimoku Cloud Analysis 23.05.2016 (GBP/USD, GOLD)

23.05.2016

Analysis for May 23rd, 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); Tenkan-Sen is directed downwards. Ichimoku Cloud is heading up (2), Chinkou Lagging Span is above the chart, and the price is between Tenkan-Sen and Kijun-Sen, inside the cloud. Short-term forecast: we can expect support from Kijun-Sen and D Tenkan-Sen, and resistance from D Kijun-Sen and W Kijun-Sen.



GBP USD, Time Frame H1. Indicator signals: Tenkan-Sen and Kijun-Sen are influenced by “Dead Cross” (1). Ichimoku Cloud is going down and widening (2), Chinkou Lagging Span is below the chart, and the price is between Tenkan-Sen and Kijun-Sen, below the cloud. Short-term forecast: after the correction and resistance from the cloud’s downside border, we can expect decline 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). Ichimoku Cloud is moving downwards (2), Chinkou Lagging Span is below the chart, and the price is below the lines. Short‑term forecast: we can expect support from D Senkou Spans A and B, and then an ascending correction.



 
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