Ichimoku Cloud Analysis 27.07.2015 (GBP/USD, GOLD)
27.07.2015
Analysis for July 27th, 2015
GBP USD, “Great Britain Pound vs US Dollar”
GBP USD, Time Frame H4. Indicator signals: Tenkan-Sen and Kijun-Sen intersected near Kumo’s upper border and formed “Dead Cross” (1). Chinkou Lagging Span is below the chart, Ichimoku Cloud is going down (2), and the price is inside Kumo. Short-term forecast: we can expect support from Senkou Span B and resistance from D Kijun-Sen.
GBP USD, Time Frame H1. Indicator signals: Tenkan-Sen and Kijun-Sen intersected below Kumo Cloud and formed “Golden Cross” (1). Chinkou Lagging Span is above the chart, Ichimoku Cloud is heading down (2), and the price is inside the narrow channel between Tenkan-Sen and Kijun-Sen. Short-term forecast: we can expect attempts of the price to stay inside the cloud.
XAU USD, “Gold vs US Dollar”
XAU USD, Time Frame H4. Indicator signals: Tenkan-Sen and Kijun-Sen are influenced by “Dead Cross” (1), but they are starting to get closer to each other below Kumo Cloud. Chinkou Lagging Span is close to the chart; Ichimoku Cloud is moving downwards and widening (2). Short‑term forecast: we can expect support from Tenkan-Sen, and growth of the price up to D Tenkan-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.