Ichimoku Cloud Analysis 25.07.2016 (GBP/USD, GOLD)
25.07.2016
Analysis for July 25th, 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 on Senkou Span B. Short-term forecast: we can expect decline of the price under the lines.
GBP USD, Time Frame H1. Indicator signals: Tenkan-Sen and Kijun-Sen are forming “Golden Cross” (1) below Kumo Cloud. Ichimoku Cloud is going down and widening (2), Chinkou Lagging Span is on the chart, and the price is on Tenkan-Sen. Short-term forecast: we can expect resistance from Senkou Span B, and decline of the price.
XAU USD, “Gold vs US Dollar”
XAU USD, Time Frame H4. Indicator signals: Tenkan-Sen and Kijun-Sen are close to each other and still influenced by “Dead Cross” (1); D Tenkan-Sen provided resistance. 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 decline of the price up to D Kijun-Sen.
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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.