Ichimoku Cloud Analysis 19.12.2013 (GBP/USD, GOLD)
19.12.2013
Analysis for December 19th, 2013
GBP/USD
GBPUSD, Time Frame H4. Tenkan-Sen and Kijun-Sen intersected below Kumo Cloud and formed “Golden Cross” (1); D Tenkan-Sen is broken, it’s a support level. Ichimoku Cloud is going up (2), price is on Tenkan-Sen – Senkou Span B. Short‑term forecast: we can expect attempts of the price to stay above Kumo.
GBPUSD, Time Frame H1. Tenkan-Sen and Kijun-Sen are close to each other inside Kumo Cloud (1); Tenkan-Sen, Kijun-Sen, and Senkou Span A are directed upwards. Ichimoku Cloud is going up (2). Short‑term forecast: we can expect support from D Tenkan-Sen and growth of the price.
GOLD
XAUUSD, Time Frame H4. Tenkan-Sen and Kijun-Sen intersected and formed “Dead Cross” (1); all lines are directed downwards. Ichimoku Cloud is going down (2), Chinkou Lagging Span is below the chart, and price is below Kumo. Short‑term forecast: we can expect decline of the price.
XAUUSD, Time Frame H1 – Indicator signals: Tenkan-Sen and Kijun-Sen intersected below Kumo Cloud and formed strong “Dead Cross” (1). Ichimoku Cloud is going down (2), Chinkou Lagging Span is below the chart. Short‑term forecast: we can expect resistance from Tenkan-Sen and decline of the price.
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.