Ichimoku Cloud Analysis 23.06.2016 (GBP/USD, GOLD)
23.06.2016
Analysis for June 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); all lines are directed upwards. Ichimoku Cloud continues heading up (2); Chinkou Lagging Span is above the chart. Short-term forecast: we can expect support from Tenkan-Sen and a further growth of the price up to W Senkou Span A.
GBP USD, Time Frame H1. Indicator signals: Tenkan-Sen and Kijun-Sen intersected above Kumo Cloud and formed “Golden Cross” (1); all lines are directed upwards. Ichimoku Cloud is still going up (2), Chinkou Lagging Span is above the chart, 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). Ichimoku Cloud is moving downwards (2); Chinkou Lagging Span is below the chart. Short‑term forecast: we can expect decline of the price towards D Kumo and support from its borders.
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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.