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Ichimoku Cloud Analysis 01.07.2016 (GBP/USD, GOLD)

Analysis for July 1st, 2016

GBP USD, “Great Britain Pound vs US Dollar”


GBP USD, Time Frame H4. Indicator signals: Tenkan-Sen and Kijun-Sen are getting closer to each other, but still  influenced by “Dead Cross” (1); Kijun-Sen and Senkou Span A are directed downwards. Ichimoku Cloud is heading down (2) and widening, Chinkou Lagging Span is on the chart, and the price is below the lines. Short-term forecast: we can expect resistance from Kijun-Sen, and a further decline of the price.



GBP USD, Time Frame H1. Indicator signals: Tenkan-Sen and Kijun-Sen intersected near Kumo’s downside border and formed “Dead Cross” (1). Ichimoku Cloud is going down (2), Chinkou Lagging Span is below the chart, and the price is on Tenkan-Sen. Short-term forecast: we can expect resistance from Kijun-Sen – Senkou Span A – Senkou Span B, and a further 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 above Kumo Cloud, but still influenced by “Golden Cross” (1). Ichimoku Cloud is still moving upwards (2) and widening; Chinkou Lagging Span is on the chart. Short‑term forecast: we can expect support from Tenkan-Sen – Kijun-Sen, and growth of the price.



 
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