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Home / Analytics / Forex analysis & forecasts / Forex Ichimoku cloud analysis and forecast / Ichimoku Cloud Analysis 29.06.2016 (GBP/USD, GOLD)
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Ichimoku Cloud Analysis 29.06.2016 (GBP/USD, GOLD)

29.06.2016

Analysis for June 29th, 2016

GBP USD, “Great Britain Pound vs US Dollar”

GBP USD, Time Frame H4. Indicator signals: Tenkan-Sen and Kijun-Sen intersected under Kumo Cloud and formed “Dead Cross” (1), but Tenkan-Sen and Senkou Span A are directed upwards. Ichimoku Cloud is heading down (2), Chinkou Lagging Span is below the chart, and the price is between Tenkan-Sen and Kijun-Sen. Short-term forecast: we can expect support from Tenkan-Sen, resistance from Kijun-Sen, and a further decline of the price.



GBP USD, Time Frame H1. Indicator signals: Tenkan-Sen and Kijun-Sen ran into one another inside Kumo Cloud (1). Ichimoku Cloud is going up (2), Chinkou Lagging Span is on the chart, and the price is inside Kumo, on Tenkan-Sen and Kijun-Sen. Short-term forecast: we can expect support from the cloud’s downside border, and attempts of the price to stay above it.




XAU USD, “Gold vs US Dollar”

XAU USD, Time Frame H4. Indicator signals: Tenkan-Sen and Kijun-Sen are influenced by “Golden Cross” (1); Tenkan-Sen is directed downwards. Ichimoku Cloud is moving upwards (2); Chinkou Lagging Span is above the chart. Short‑term forecast: we can expect support from Tenkan-Sen, and the price to return to support from D Tenkan-Sen and the cloud’s borders.



 
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