Ichimoku Cloud Analysis 19.05.2017 (GBP/USD, GOLD)
GBP USD "Great Britain Pound vs US Dollar"
GBP USD, Time Frame Н4. Tenkan-Sen and Kijun-Sen are influenced by the "golden cross” (1), the Ichimoku Cloud is rising (2), the Lagging Chinkou Span is above the chart, the price is above the lines. We can expect a support for Tenkan-Sen and a rise of the price.
GBP USD, Time Frame Н1. Tenkan-Sen and Kijun-Sen are diverging on the upper edge of Kumo having formed a “golden cross” (1), the Ichimoku Cloud is rising (2), the Lagging Chinkou Span is above the chart, the price holds above the lines. We can expect a support from Senkou A and a rise of the price.
GOLD
XAU USD, Time Frame Н4. Tenkan-Sen and Kijun-Sen are influenced by the “golden cross” (1), Kumo is rising and widening (2), the Lagging Chinkou Span holds above the chart, the price is moving within Tenkan-Kijun. A resistance from Tenkan-Sen is expected, Kijun-Sen can give a support; the price can climb higher.
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.