Ichimoku Cloud Analysis 22.05.2015 (GBP/USD, GOLD)
22.05.2015
Analysis for May 22nd, 2015
GBP USD, “Great Britain Pound vs US Dollar”
GBP USD, Time Frame H4. Indicator signals: Tenkan-Sen and Kijun-Sen are moving towards each other inside Kumo Cloud, but still influenced by “Dead Cross” (1). Chinkou Lagging Span is below the chart; Ichimoku Cloud is very narrow and continues going up (2). Short-term forecast: we can expect resistance from Senkou Span A, and decline of the price.
GBP USD, Time Frame H1. Indicator signals: Tenkan-Sen and Kijun-Sen are intersecting above Kumo Cloud and forming “Dead Cross” (1). Chinkou Lagging Span is on the chart; Ichimoku Cloud is heading up (2). Short-term forecast: we can expect support from the cloud’s lower border, and growth of the price.
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 close to the chart, Ichimoku Cloud is still moving upwards (2), and the price is between Tenkan-Sen and Kijun-Sen. Short‑term forecast: we can expect resistance from W Senkou Span A – Kijun-Sen, and decline of the price.
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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.