Ichimoku Cloud Analysis 29.12.2015 (GBP/USD, GOLD)

29.12.2015

Analysis for December 29th, 2015

GBP USD, “Great Britain Pound vs US Dollar”

GBP USD, Time Frame H4. Indicator signals: Tenkan-Sen and Kijun-Sen are influenced by “Golden Cross” (1). Ichimoku Cloud is heading down (2); Chinkou Lagging Span is below the chart. Short-term forecast: we can expect resistance from D Tenkan-Sen and the cloud’s lower border, and decline of the price.



GBP USD, Time Frame H1. Indicator signals: Tenkan-Sen and Kijun-Sen are influenced by “Dead Cross” (1). Ichimoku Cloud is going down (2); Chinkou Lagging Span is below the chart. Short-term forecast: we can expect the price to fall and return to the cloud’s border after breaking it.




XAU USD, “Gold vs US Dollar”

XAU USD, Time Frame H4. Indicator signals: Tenkan-Sen and Kijun-Sen intersected above Kumo Cloud and formed “Dead Cross” (1). Chinkou Lagging Span is above the chart, Ichimoku Cloud is still moving upwards and widening (2), and the price is on Kijun-Sen. Short‑term forecast: we can expect support from D Kijun-Sen, and growth of the price towards D Senkou Span A.



 
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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.