Ichimoku Cloud Analysis 20.12.2013 (GBP/USD, GOLD)
20.12.2013
Analysis for December 20th, 2013
GBP/USD
GBPUSD, Time Frame H4. Tenkan-Sen, D Tenkan-Sen, Senkou Spans A and И are resistance levels. Ichimoku Cloud is closed again (2), Chinkou Lagging Span is on the chart, price is on Kijun-Sen. Short‑term forecast: we can expect decline of the price towards support from D Kijun-Sen.
GBPUSD, Time Frame H1. Tenkan-Sen and Kijun-Sen intersected inside Kumo Cloud and formed “Dead Cross” (1); Ichimoku Cloud is going down (2) and widening, price is below Kumo Cloud. Short‑term forecast: we can expect resistance from D Tenkan-Sen – Kijun-Sen and decline of the price.
GOLD
XAUUSD, Time Frame H4. Tenkan-Sen and Kijun-Sen are influenced by “Dead Cross” (1); Tenkan-Sen and Senkou Span A are directed downwards. Ichimoku Cloud is going down (2) and price is below the lines. Short‑term forecast: we can expect descending movement of the price.
XAUUSD, Time Frame H1 – Indicator signals: Tenkan-Sen and Kijun-Sen are close to each other below Kumo Cloud, but still influenced by “Dead Cross” (1); Tenkan-Sen is directed upwards, Kijun-Sen and Senkou Span A are moving downwards. Ichimoku Cloud is very narrow and still going down (2). Short‑term forecast: we can expect ascending movement 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.