Ichimoku Cloud Analysis 24.06.2016 (GBP/USD, GOLD)

24.06.2016

Analysis for June 24th, 2016

GBP USD, “Great Britain Pound vs US Dollar”

GBP USD, Time Frame H4. Indicator signals: Tenkan-Sen and Kijun-Sen ran into one another inside Kumo Cloud (1). Ichimoku Cloud is closed (2), Chinkou Lagging Span is below the chart, and the price is below the lines. Short-term forecast: we can expect decline of the price.



GBP USD, Time Frame H1. Indicator signals: Tenkan-Sen and Kijun-Sen intersected below Kumo Cloud and formed “Dead Cross” (1); Tenkan-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 on Tenkan-Sen. Short-term forecast: we can expect support from Tenkan-Sen, resistance from Kijun-Sen, and decline of the price.




XAU USD, “Gold vs US Dollar”

XAU USD, Time Frame H4. Indicator signals: Tenkan-Sen and Kijun-Sen ran into one another above Kumo Cloud (1). Ichimoku Cloud is closed (2), Chinkou Lagging Span is above the chart, and the price is above the lines. Short‑term forecast: we can expect support from D Tenkan-Sen, and growth 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.