Ichimoku Cloud Analysis 23.12.2013 (GBP/USD, GOLD)
23.12.2013
Analysis for December 23rd, 2013
GBP/USD
GBPUSD, Time Frame H4. Tenkan-Sen and Kijun-Sen are influenced by “Golden Cross”; D Tenkan-Sen and Senkou Span B are resistance levels. Ichimoku Cloud is closed (2), price is inside Kumo Cloud. Short‑term forecast is bearish.
GBPUSD, Time Frame H1. Tenkan-Sen and Kijun-Sen are close to each other near Kumo’s lower border (1); Tenkan-Sen is directed upwards. Ichimoku Cloud is closed (2). Short‑term forecast: we can expect resistance from Senkou Span B – D Tenkan-Sen, and decline of the price.
GOLD
XAUUSD, Time Frame H4. Tenkan-Sen is directed upwards. Ichimoku Cloud is going down (2), Chinkou Lagging Span is below the chart, and price is inside Tenkan-Sen – Kijun-Sen channel. Short‑term forecast is bullish.
XAUUSD, Time Frame H1 – Indicator signals: Tenkan-Sen and Kijun-Sen intersected below Kumo Cloud and formed “Golden Cross” (1). Ichimoku Cloud is very narrow and still going down (2), Chinkou Lagging Span is above the chart. Short‑term forecast: we can expect ascending movement of the price up to Kumo’s upper border.
RoboForex Analytical Department
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.