Ichimoku Cloud Analysis 17.12.2014 (GBP/USD, GOLD)

17.12.2014

Analysis for December 17th, 2014

GBP USD, “Great Britain Pound vs US Dollar”

GBP USD, Time Frame H4. Tenkan-Sen and Kijun-Sen are very close to each other above Kumo Cloud and forming “Golden Cross” (1). Chinkou Lagging Span is above the chart, Kumo Cloud is going up (2), and the price is above Kumo. Short-term forecast: we can expect support from Tenkan-Sen – Kijun-Sen, and growth of the price.



GBP USD, Time Frame H1. Tenkan-Sen and Kijun-Sen are influenced by “Golden Cross” (2). Chinkou Lagging Span is above the chart, Kumo Cloud is heading up, and the price is between Tenkan-Sen and Kijun-Sen. Short-term forecast: we can expect support from Kijun-Sen – Senkou Spans A and B, and growth of the price.




XAU USD, “Gold vs US Dollar”

XAU USD, Time Frame H4: Tenkan-Sen and Kijun-Sen are influenced by “Dead Cross” (1). Chinkou Lagging Span is below the chart, Kumo Cloud is moving downwards (2), and the price is inside Kumo. Short‑term forecast: we can expect the price to move inside the cloud and then try to stay below it.



 
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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.