Ichimoku Cloud Analysis 29.12.2014 (GBP/USD, GOLD)
29.12.2014
Analysis for December 29th, 2014
GBP USD, “Great Britain Pound vs US Dollar”
GBP USD, Time Frame H4. Tenkan-Sen and Kijun-Sen are still influenced by “Dead Cross” (1); Tenkan-Sen and Senkou Span A are directed upwards. Chinkou Lagging Span is on the chart, Kumo Cloud is going down (2), and the price is between Tenkan-Sen and Kijun-Sen. Short-term forecast: we can expect support from Tenkan-Sen, and growth of the price.
GBP USD, Time Frame H1. Tenkan-Sen and Kijun-Sen are very close to each other inside Kumo Cloud; they may intersect and form “Dead Cross” (1). Chinkou Lagging Span is above the chart, Kumo Cloud is heading up (2), and the price is on Tenkan-Sen – Kijun-Sen. Short-term forecast: we can expect support from Senkou Span A, and growth of the price.
XAU USD, “Gold vs US Dollar”
XAU USD, Time Frame H4: Tenkan-Sen and Kijun-Sen are very close to each other above Kumo Cloud (1). Chinkou Lagging Span is on the chart, Kumo Cloud is moving downwards (2), and the price is below Kumo. Short‑term forecast: we can expect attempts of the price to stay inside the cloud.
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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.