Ichimoku Cloud Analysis 12.05.2017 (GBP/USD, GOLD)
12.05.2017GBP USD, “Great Britain Pound vs US Dollar”
GBP USD, Time Frame H4. Indicator signals: Tenkan-Sen and Kijun-Sen intersected above Kumo Cloud and formed “Dead Cross” (1). Ichimoku Cloud is closed (2), Chinkou Lagging Span crossed the chart to the downside, and the price is near Kumo’s downside border. Short-term forecast: we can expect resistance from Senkou Span B, and decline of the price towards support from W Senkou Span A.
GBP USD, Time Frame H1. Indicator signals: Tenkan-Sen and Kijun-Sen are influenced by “Dead Cross” (1); Kijun-Sen is directed downwards. Ichimoku Cloud is going down (2), Chinkou Lagging Span is on the chart, and the price is below the lines. Short-term forecast: we can expect resistance from the cloud’s downside border, and decline of the price.
XAU USD, “Gold vs US Dollar”
XAU USD, Time Frame H4. Indicator signals: Tenkan-Sen and Kijun-Sen are very close to each other below Kumo Cloud, they may intersect and form “Golden Cross” (1). Ichimoku Cloud is moving downwards (2), Chinkou Lagging Span is on the chart, and the price is below the cloud. Short‑term forecast: we can expect support from Kijun-Sen, and the price to be corrected towards resistance from Senkou Span A.
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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.