Ichimoku Cloud Analysis 18.12.2013 (GBP/USD, GOLD)
18.12.2013
Analysis for December 18th, 2013
GBP/USD
GBPUSD, Time Frame H4. Tenkan-Sen and Kijun-Sen are influenced by “Dead Cross” (1); Kijun-Sen and Senkou Span A are moving downwards. Ichimoku Cloud is going down (2), price is still inside Kumo Cloud. Short‑term forecast: we can expect support from Tenkan-Sen – D Kijun-Sen and resistance from D Tenkan-Sen.
GBPUSD, Time Frame H1. Tenkan-Sen and Kijun-Sen intersected below Kumo Cloud and formed “Golden Cross” (1); all lines are horizontal. Ichimoku Cloud is closed (2). Short‑term forecast: we can expect resistance from H4 Kijun-Sen and D Tenkan-Sen.
GOLD
XAUUSD, Time Frame H4. Tenkan-Sen and Kijun-Sen are influenced by “Dead Cross” (1). Ichimoku Cloud is closed (2). Short‑term forecast: we can expect ascending movement of the price.
XAUUSD, Time Frame H1 – Indicator signals: Tenkan-Sen and Kijun-Sen are still influenced by “Dead Cross” (1); Tenkan-Sen is directed upwards, Kijun-Sen is moving downwards. Ichimoku Cloud is going down (2), Chinkou Lagging Span is below the chart. Short‑term forecast: we can expect resistance from D Tenkan-Sen.
RoboForex Analytical Department
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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.