Ichimoku Cloud Analysis 24.05.2017 (GBP/USD, GOLD)

24.05.2017

GBP USD "Great Britain Pound vs US Dollar"

Ichimoku Cloud Analysis 24.05.207 (GBP/USD, GOLD)

GBP USD, Time Frame H4. The "golden cross" (1) still influences the pair, the Ichimoku Cloud (2) is rising, the Lagging Chinkou Span is almost on the chart, the price is on Kijun-Sen. The price can be expected to reach the upper edge of the cloud.

 

Ichimoku Cloud Analysis 24.05.207 (GBP/USD, GOLD)

GBP USD, Time Frame H1. Tenkan-Sen and Kijun-Sen have diverged over the Kumo and formed a "dead cross" (1), the Ichimoku Cloud is moving downwards (2), the Lagging Chinkou Span is on the chart, the price is moving inside the Tenkan-Kijun channel. Senkou A can offer a support; the price can try to hold above the cloud.

 

GOLD

Ichimoku Cloud Analysis 24.05.207 (GBP/USD, GOLD)

XAU USD, Time Frame H4. Tenkan-Sen and Kijun-Sen has come very close to each other above the cloud, a "dead cross" is possible (1), Kumo keeps moving higher (2), the Lagging Chinkou Span is on the chart, the price is on Tenkan D. The weekly Tenkan-Sen line can offer a resistance while the lower edge of the daily cloud can offer a support.

Attention!

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.